SØREN HORNER HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 25460162
Storkevænget 2 B, 6800 Varde

Credit rating

Company information

Official name
SØREN HORNER HOLDING ApS
Established
2000
Company form
Private limited company
Industry

About SØREN HORNER HOLDING ApS

SØREN HORNER HOLDING ApS (CVR number: 25460162) is a company from VARDE. The company reported a net sales of -0 mDKK in 2023, demonstrating a decline of 6.2 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: -0 mDKK), while net earnings were 47.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.1 %, which can be considered weak and Return on Equity (ROE) was 3.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 98.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SØREN HORNER HOLDING ApS's liquidity measured by quick ratio was 45.6 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales-4.00-1.00-2.00-8.00-8.50
Gross profit-18.00-13.00-14.00-21.00-22.72
EBIT-18.00-13.00-14.00-21.00-22.72
Net earnings20.0029.00115.00- 195.0047.40
Shareholders equity total1 916.001 845.001 860.001 565.001 512.23
Balance sheet total (assets)1 956.001 885.001 899.001 593.001 541.84
Net debt-1 742.00-1 651.00-1 669.00-1 363.00-1 292.54
Profitability
EBIT-%
ROA1.7 %6.4 %7.8 %5.0 %3.1 %
ROE1.0 %1.5 %6.2 %-11.4 %3.1 %
ROI1.7 %6.5 %8.0 %5.1 %3.1 %
Economic value added (EVA)-9.70-8.23-10.07-20.46-22.87
Solvency
Equity ratio98.0 %97.9 %97.9 %98.2 %98.1 %
Gearing0.2 %0.1 %1.3 %
Relative net indebtedness %42650.0 %161300.0 %81500.0 %16687.5 %15086.9 %
Liquidity
Quick ratio54.641.980.649.845.6
Current ratio54.641.980.649.845.6
Cash and cash equivalents1 746.001 653.001 669.001 363.001 312.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %625.0 %800.0 %-2850.0 %-37.5 %-148.4 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:3.08%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.1%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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