HØRKRAM HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 27969143
Centervej 1, 4180 Sorø
tel: 57870400

Company information

Official name
HØRKRAM HOLDING A/S
Established
2004
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales3 506.052 922.113 141.794 281.494 659.93
Gross profit727.57581.97723.89914.541 003.54
EBIT175.5853.72179.00256.33308.83
Net earnings125.2935.91134.05192.91233.14
Shareholders equity total865.31901.461 035.551 228.461 461.60
Balance sheet total (assets)1 845.231 712.951 755.442 034.542 266.29
Net debt614.28373.56319.73429.41392.32
Profitability
EBIT-%5.0 %1.8 %5.7 %6.0 %6.6 %
ROA10.0 %3.3 %10.4 %13.7 %15.0 %
ROE15.6 %4.1 %13.8 %17.0 %17.3 %
ROI11.1 %3.7 %12.4 %15.4 %15.9 %
Economic value added (EVA)86.69-11.7790.35142.70183.00
Solvency
Equity ratio46.9 %52.6 %59.0 %60.4 %64.5 %
Gearing73.0 %54.0 %36.3 %50.8 %44.2 %
Relative net indebtedness %25.9 %22.0 %19.3 %13.0 %10.6 %
Liquidity
Quick ratio0.70.70.91.11.3
Current ratio0.91.01.31.51.6
Cash and cash equivalents17.73113.0456.37194.53253.93
Capital use efficiency
Trade debtors turnover (days)45.732.843.141.339.5
Net working capital %-1.1 %-0.1 %4.8 %7.7 %9.5 %
Credit risk
Credit ratingAAAAAAAAAAAAA

Variable visualization

ROA:15.0%
Rating: 66/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.5%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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