DET DANSKE HEDESELSKAB — Credit Rating and Financial Key Figures
Credit rating
Company information
About DET DANSKE HEDESELSKAB
DET DANSKE HEDESELSKAB (CVR number: 42344613) is a company from VIBORG. The company reported a net sales of 22.2 mDKK in 2024, demonstrating a decline of -0.6 % compared to the previous year. The operating profit percentage was at 121.1 % (EBIT: 26.9 mDKK), while net earnings were 82.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.2 %, which can be considered decent and Return on Equity (ROE) was 7.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 85.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. DET DANSKE HEDESELSKAB's liquidity measured by quick ratio was 39.4 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 19 508.00 | 18 516.00 | 17 342.00 | 22 360.00 | 22 224.00 |
Gross profit | -8 934.00 | -6 899.00 | -7 851.00 | 847.00 | -2 834.00 |
EBIT | -12 879.00 | -7 296.00 | 2 099.00 | 6 911.00 | 26 908.00 |
Net earnings | 15 628.00 | 56 260.00 | 56 560.00 | 52 516.00 | 82 622.00 |
Shareholders equity total | 955 648.00 | 1 011 272.00 | 1 074 605.00 | 1 123 694.00 | 1 202 631.00 |
Balance sheet total (assets) | 1 151 098.00 | 1 186 417.00 | 1 220 815.00 | 1 317 949.00 | 1 405 612.00 |
Net debt | - 327 362.00 | - 330 516.00 | - 346 886.00 | - 296 901.00 | - 285 865.00 |
Profitability | |||||
EBIT-% | -66.0 % | -39.4 % | 12.1 % | 30.9 % | 121.1 % |
ROA | 2.0 % | 5.3 % | 5.5 % | 4.9 % | 7.2 % |
ROE | 1.6 % | 5.7 % | 5.4 % | 4.8 % | 7.1 % |
ROI | 2.0 % | 5.4 % | 5.6 % | 4.9 % | 7.3 % |
Economic value added (EVA) | -32 438.50 | -26 435.67 | -15 074.81 | 169.89 | 15 273.44 |
Solvency | |||||
Equity ratio | 83.0 % | 85.2 % | 88.0 % | 85.3 % | 85.6 % |
Gearing | 18.1 % | 15.2 % | 11.0 % | 14.4 % | 13.5 % |
Relative net indebtedness % | -1648.3 % | -1756.6 % | -1952.8 % | -1283.3 % | -1242.1 % |
Liquidity | |||||
Quick ratio | 39.3 | 39.7 | 24.3 | 41.0 | 39.4 |
Current ratio | 39.3 | 39.7 | 24.3 | 41.0 | 39.4 |
Cash and cash equivalents | 500 798.00 | 484 037.00 | 465 371.00 | 458 862.00 | 448 356.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 10.0 | 2.6 | 74.5 | 3.7 | 51.5 |
Net working capital % | 2813.7 % | 2909.2 % | 2344.6 % | 1827.9 % | 1853.5 % |
Credit risk | |||||
Credit rating | A | AA | A | AA | AA |
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