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: 27969143) is a company from SORØ. The company recorded a gross profit of -133.6 kDKK in 2023. The operating profit was -133.6 kDKK, while net earnings were 233.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.4 %, which can be considered good but Return on Equity (ROE) was 17.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 70 %, 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 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 400.00 | 400.00 | 400.00 | ||
Gross profit | 108.00 | 110.00 | 98.00 | - 127.00 | - 133.64 |
EBIT | 108.00 | 110.00 | 98.00 | - 127.00 | - 133.64 |
Net earnings | 125 288.00 | 35 913.00 | 134 047.00 | 192 909.00 | 233 137.15 |
Shareholders equity total | 865 309.00 | 901 462.00 | 1 035 550.00 | 1 228 459.00 | 1 461 595.90 |
Balance sheet total (assets) | 1 054 058.00 | 1 089 453.00 | 1 478 012.00 | 1 672 340.00 | 2 086 964.18 |
Net debt | 182 261.00 | 183 538.00 | 423 416.00 | 432 106.00 | 625 261.43 |
Profitability | |||||
EBIT-% | 27.0 % | 27.5 % | 24.5 % | ||
ROA | 12.8 % | 3.5 % | 10.6 % | 12.7 % | 13.4 % |
ROE | 15.6 % | 4.1 % | 13.8 % | 17.0 % | 17.3 % |
ROI | 12.9 % | 3.6 % | 10.7 % | 12.9 % | 13.5 % |
Economic value added (EVA) | 37 651.92 | 44 166.40 | 46 098.58 | 52 812.92 | 62 886.69 |
Solvency | |||||
Equity ratio | 82.1 % | 82.7 % | 70.1 % | 73.5 % | 70.0 % |
Gearing | 21.1 % | 20.4 % | 40.9 % | 35.2 % | 42.8 % |
Relative net indebtedness % | 47187.0 % | 46997.8 % | 110606.8 % | ||
Liquidity | |||||
Quick ratio | 0.1 | 0.0 | 0.6 | 0.6 | 0.7 |
Current ratio | 0.1 | 0.0 | 0.6 | 0.6 | 0.7 |
Cash and cash equivalents | 1.00 | 35.00 | 32.00 | 42.35 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -44473.0 % | -44781.0 % | -45183.3 % | ||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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