DET DANSKE HEDESELSKAB — Credit Rating and Financial Key Figures
Credit rating
Company information
About DET DANSKE HEDESELSKAB
DET DANSKE HEDESELSKAB (CVR number: 42344613K) is a company from VIBORG. The company reported a net sales of 2350.8 mDKK in 2024, demonstrating a growth of 2.3 % compared to the previous year. The operating profit percentage was at 3.3 % (EBIT: 76.4 mDKK), while net earnings were 84.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent and Return on Equity (ROE) was 7.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 63.8 %, 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. DET DANSKE HEDESELSKAB's liquidity measured by quick ratio was 1.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 736.11 | 1 990.50 | 2 158.83 | 2 298.89 | 2 350.77 |
Gross profit | 434.37 | 469.32 | 506.82 | 548.63 | 550.40 |
EBIT | -22.74 | 50.19 | 64.68 | 60.99 | 76.45 |
Net earnings | 15.79 | 56.28 | 57.68 | 53.17 | 84.18 |
Shareholders equity total | 983.39 | 1 040.19 | 1 104.32 | 1 152.84 | 1 233.15 |
Balance sheet total (assets) | 1 652.83 | 1 691.63 | 1 792.19 | 1 938.15 | 1 932.70 |
Net debt | - 138.39 | 18.23 | 16.79 | 82.66 | 146.18 |
Profitability | |||||
EBIT-% | -1.3 % | 2.5 % | 3.0 % | 2.7 % | 3.3 % |
ROA | -1.2 % | 3.7 % | 4.5 % | 3.6 % | 4.6 % |
ROE | 1.7 % | 5.7 % | 5.5 % | 4.8 % | 7.2 % |
ROI | -1.2 % | 5.9 % | 5.8 % | 5.0 % | 6.1 % |
Economic value added (EVA) | -61.01 | 2.64 | 3.68 | -5.12 | 35.43 |
Solvency | |||||
Equity ratio | 59.5 % | 61.5 % | 61.6 % | 59.5 % | 63.8 % |
Gearing | 20.7 % | 17.6 % | 14.7 % | 17.8 % | 17.1 % |
Relative net indebtedness % | 14.5 % | 21.0 % | 22.4 % | 26.3 % | 24.5 % |
Liquidity | |||||
Quick ratio | 2.0 | 1.8 | 1.6 | 1.5 | 1.6 |
Current ratio | 2.2 | 2.1 | 1.9 | 1.9 | 2.1 |
Cash and cash equivalents | 342.43 | 164.60 | 145.29 | 122.34 | 64.67 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 82.1 | 89.0 | 86.8 | 90.4 | 84.5 |
Net working capital % | 20.3 % | 14.7 % | 17.8 % | 17.7 % | 17.8 % |
Credit risk | |||||
Credit rating | AA | AAA | AAA | AAA | AAA |
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