Hitachi Energy Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Hitachi Energy Denmark A/S
Hitachi Energy Denmark A/S (CVR number: 39856638) is a company from BALLERUP. The company reported a net sales of 1526.7 mDKK in 2023, demonstrating a decline of -4.5 % compared to the previous year. The operating profit percentage was at 2.6 % (EBIT: 40.4 mDKK), while net earnings were 38.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent but Return on Equity (ROE) was 19.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.5 %, 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. Hitachi Energy Denmark A/S'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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 171.91 | 744.12 | 568.04 | 1 598.06 | 1 526.74 |
Gross profit | 2.99 | 34.61 | 43.09 | 67.17 | 94.41 |
EBIT | -2.70 | -80.00 | 5.14 | 23.50 | 40.38 |
Net earnings | -2.27 | -63.86 | 3.64 | 18.72 | 38.24 |
Shareholders equity total | 112.73 | 88.87 | 117.52 | 136.24 | 258.48 |
Balance sheet total (assets) | 594.37 | 453.76 | 602.11 | 1 016.00 | 1 137.41 |
Net debt | 380.44 | 294.81 | 262.55 | 740.59 | 569.05 |
Profitability | |||||
EBIT-% | -1.6 % | -10.8 % | 0.9 % | 1.5 % | 2.6 % |
ROA | -0.5 % | -15.3 % | 1.0 % | 3.1 % | 4.6 % |
ROE | -2.0 % | -63.4 % | 3.5 % | 14.8 % | 19.4 % |
ROI | -0.5 % | -17.2 % | 1.3 % | 3.9 % | 5.7 % |
Economic value added (EVA) | -2.12 | -67.29 | 0.88 | 12.86 | 25.00 |
Solvency | |||||
Equity ratio | 19.3 % | 19.6 % | 19.5 % | 13.4 % | 23.5 % |
Gearing | 351.2 % | 362.4 % | 229.3 % | 548.7 % | 220.2 % |
Relative net indebtedness % | 267.0 % | 44.9 % | 83.5 % | 54.3 % | 56.3 % |
Liquidity | |||||
Quick ratio | 1.1 | 1.2 | 1.2 | 1.1 | 1.4 |
Current ratio | 1.1 | 1.2 | 1.2 | 1.2 | 1.3 |
Cash and cash equivalents | 15.51 | 27.29 | 6.87 | 6.87 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 133.5 | 100.6 | 66.3 | 28.7 | 22.8 |
Net working capital % | 30.7 % | 11.1 % | 20.4 % | 8.7 % | 17.9 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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