Heartcore Capital A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Heartcore Capital A/S
Heartcore Capital A/S (CVR number: 33858663) is a company from KØBENHAVN. The company reported a net sales of 60.5 mDKK in 2021, demonstrating a growth of 20.3 % compared to the previous year. The operating profit percentage was at 46.7 % (EBIT: 28.2 mDKK), while net earnings were 22.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 118.3 %, which can be considered excellent and Return on Equity (ROE) was 105.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 92.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Heartcore Capital A/S's liquidity measured by quick ratio was 12.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 33.33 | 30.73 | 25.95 | 50.28 | 60.49 |
Gross profit | 22.48 | 17.96 | 13.19 | 25.41 | 38.71 |
EBIT | 10.07 | 6.07 | 3.05 | 16.89 | 28.23 |
Net earnings | 7.84 | 5.32 | 1.97 | 13.56 | 22.48 |
Shareholders equity total | 12.90 | 12.21 | 8.17 | 14.73 | 27.72 |
Balance sheet total (assets) | 14.18 | 13.16 | 9.31 | 19.15 | 29.82 |
Net debt | -8.10 | -7.44 | -5.71 | -13.06 | -20.87 |
Profitability | |||||
EBIT-% | 30.2 % | 19.7 % | 11.7 % | 33.6 % | 46.7 % |
ROA | 71.6 % | 49.6 % | 23.9 % | 122.5 % | 118.3 % |
ROE | 60.8 % | 42.4 % | 19.3 % | 118.4 % | 105.9 % |
ROI | 78.8 % | 54.0 % | 26.4 % | 152.2 % | 136.4 % |
Economic value added (EVA) | 7.83 | 4.47 | 2.24 | 13.10 | 21.99 |
Solvency | |||||
Equity ratio | 91.0 % | 92.8 % | 87.7 % | 77.0 % | 92.9 % |
Gearing | |||||
Relative net indebtedness % | -20.5 % | -21.1 % | -17.6 % | -17.2 % | -31.1 % |
Liquidity | |||||
Quick ratio | 10.7 | 12.5 | 7.3 | 4.0 | 12.9 |
Current ratio | 10.7 | 12.5 | 7.3 | 4.0 | 12.9 |
Cash and cash equivalents | 8.10 | 7.44 | 5.71 | 13.06 | 20.87 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 37.3 % | 35.6 % | 27.7 % | 26.3 % | 40.5 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | BBB | BBB |
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