HORTEN ADVOKATPARTNERSELSKAB — Credit Rating and Financial Key Figures
Credit rating
Company information
About HORTEN ADVOKATPARTNERSELSKAB
HORTEN ADVOKATPARTNERSELSKAB (CVR number: 33775229) is a company from GENTOFTE. The company reported a net sales of 401.1 mDKK in 2024, demonstrating a decline of -7.9 % compared to the previous year. The operating profit percentage was poor at -6.4 % (EBIT: -25.5 mDKK), while net earnings were -28.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was -8.5 %, which can be considered poor and Return on Equity (ROE) was -48.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. HORTEN ADVOKATPARTNERSELSKAB's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 452.45 | 447.17 | 435.71 | 435.53 | 401.10 |
Gross profit | 368.57 | 354.04 | 339.24 | 334.48 | 276.44 |
EBIT | 368.57 | 13.91 | 1.59 | 7.81 | -25.50 |
Net earnings | 14.81 | 12.88 | -1.00 | 3.65 | -28.64 |
Shareholders equity total | 81.13 | 86.92 | 78.62 | 75.58 | 43.25 |
Balance sheet total (assets) | 267.61 | 285.67 | 295.75 | 247.03 | |
Net debt | 49.32 | 83.50 | 87.27 | 90.40 | |
Profitability | |||||
EBIT-% | 81.5 % | 3.1 % | 0.4 % | 1.8 % | -6.4 % |
ROA | 5.2 % | 0.6 % | 3.1 % | -8.5 % | |
ROE | 9.6 % | 7.7 % | -1.2 % | 4.7 % | -48.2 % |
ROI | 9.7 % | 1.1 % | 5.6 % | -15.7 % | |
Economic value added (EVA) | 364.87 | 9.84 | -2.16 | 4.06 | -29.10 |
Solvency | |||||
Equity ratio | 100.0 % | 49.4 % | 42.3 % | 39.3 % | 31.5 % |
Gearing | 66.2 % | 106.2 % | 115.5 % | 209.0 % | |
Relative net indebtedness % | 38.6 % | 47.5 % | 50.6 % | 50.8 % | |
Liquidity | |||||
Quick ratio | 1.9 | 1.6 | 1.6 | 1.4 | |
Current ratio | 1.9 | 1.6 | 1.6 | 1.4 | |
Cash and cash equivalents | 8.25 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 119.9 | 141.8 | 148.7 | 163.0 | |
Net working capital % | 26.2 % | 24.1 % | 23.0 % | 15.5 % | |
Credit risk | |||||
Credit rating | BB | A | BBB | A | BBB |
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