HAMMEL FURNITURE A/S — Credit Rating and Financial Key Figures

CVR number: 32559476
Anbækvej 111, 8450 Hammel

Credit rating

Company information

Official name
HAMMEL FURNITURE A/S
Personnel
70 persons
Established
2009
Company form
Limited company
Industry

About HAMMEL FURNITURE A/S

HAMMEL FURNITURE A/S (CVR number: 32559476) is a company from FAVRSKOV. The company recorded a gross profit of 13.5 mDKK in 2023. The operating profit was -15.3 mDKK, while net earnings were -14 mDKK. The profitability of the company measured by Return on Assets (ROA) was -18.3 %, which can be considered poor and Return on Equity (ROE) was -35.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 42.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. HAMMEL FURNITURE A/S's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit29 379.6833 264.1741 637.1231 304.2913 526.22
EBIT1 566.003 776.346 539.021 143.63-15 279.49
Net earnings618.972 515.084 814.06227.02-14 021.31
Shareholders equity total21 654.9124 169.9943 484.0541 211.0737 189.76
Balance sheet total (assets)55 923.3954 174.0776 890.8879 814.3887 206.43
Net debt11 453.408 930.639 712.0016 486.8620 912.69
Profitability
EBIT-%
ROA3.2 %7.0 %10.1 %1.5 %-18.3 %
ROE3.4 %11.0 %14.2 %0.5 %-35.8 %
ROI4.3 %9.5 %13.3 %1.9 %-23.0 %
Economic value added (EVA)565.571 994.303 948.41- 633.11-14 273.24
Solvency
Equity ratio38.7 %44.6 %56.6 %51.6 %42.6 %
Gearing53.0 %37.3 %22.8 %41.0 %56.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.60.40.30.3
Current ratio1.71.81.81.91.2
Cash and cash equivalents30.4876.99217.95404.59181.72
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAAAAABBB

Variable visualization

ROA:-18.3%
Rating: 2/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.6%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Chief executive officer

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