HØRKRAM HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HØRKRAM HOLDING A/S
HØRKRAM HOLDING A/S (CVR number: 27969143K) is a company from SORØ. The company reported a net sales of 4659.9 mDKK in 2023, demonstrating a growth of 8.8 % compared to the previous year. The operating profit percentage was at 6.6 % (EBIT: 308.8 mDKK), while net earnings were 233.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15 %, which can be considered excellent and Return on Equity (ROE) was 17.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. HØRKRAM HOLDING A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 506.05 | 2 922.11 | 3 141.79 | 4 281.49 | 4 659.93 |
Gross profit | 727.57 | 581.97 | 723.89 | 914.54 | 1 003.54 |
EBIT | 175.58 | 53.72 | 179.00 | 256.33 | 308.83 |
Net earnings | 125.29 | 35.91 | 134.05 | 192.91 | 233.14 |
Shareholders equity total | 865.31 | 901.46 | 1 035.55 | 1 228.46 | 1 461.60 |
Balance sheet total (assets) | 1 845.23 | 1 712.95 | 1 755.44 | 2 034.54 | 2 266.29 |
Net debt | 614.28 | 373.56 | 319.73 | 429.41 | 392.32 |
Profitability | |||||
EBIT-% | 5.0 % | 1.8 % | 5.7 % | 6.0 % | 6.6 % |
ROA | 10.0 % | 3.3 % | 10.4 % | 13.7 % | 15.0 % |
ROE | 15.6 % | 4.1 % | 13.8 % | 17.0 % | 17.3 % |
ROI | 11.1 % | 3.7 % | 12.4 % | 15.4 % | 15.9 % |
Economic value added (EVA) | 86.69 | -11.77 | 90.35 | 142.70 | 183.00 |
Solvency | |||||
Equity ratio | 46.9 % | 52.6 % | 59.0 % | 60.4 % | 64.5 % |
Gearing | 73.0 % | 54.0 % | 36.3 % | 50.8 % | 44.2 % |
Relative net indebtedness % | 25.9 % | 22.0 % | 19.3 % | 13.0 % | 10.6 % |
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | 0.9 | 1.1 | 1.3 |
Current ratio | 0.9 | 1.0 | 1.3 | 1.5 | 1.6 |
Cash and cash equivalents | 17.73 | 113.04 | 56.37 | 194.53 | 253.93 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 45.7 | 32.8 | 43.1 | 41.3 | 39.5 |
Net working capital % | -1.1 % | -0.1 % | 4.8 % | 7.7 % | 9.5 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AA | AA |
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