HORIZONS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HORIZONS A/S
HORIZONS A/S (CVR number: 11153380) is a company from KØBENHAVN. The company reported a net sales of 757.4 mDKK in 2024, demonstrating a decline of -1.4 % compared to the previous year. The operating profit percentage was at 4.4 % (EBIT: 33.2 mDKK), while net earnings were 29.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.3 %, which can be considered good but Return on Equity (ROE) was 43.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.4 %, 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. HORIZONS A/S's liquidity measured by quick ratio was 1.8 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | -56.00 | 168.00 | 667.00 | 768.53 | 757.39 |
Gross profit | -56.00 | 168.00 | 667.00 | 175.12 | 178.85 |
EBIT | -56.00 | 168.00 | 667.00 | 43.74 | 33.20 |
Net earnings | -59.00 | -8.00 | 34.00 | 36.80 | 29.29 |
Shareholders equity total | -40.00 | -48.00 | 17.00 | 53.26 | 82.56 |
Balance sheet total (assets) | 152.00 | 124.00 | 212.00 | 273.98 | 298.72 |
Net debt | -55.12 | 9.36 | |||
Profitability | |||||
EBIT-% | 100.0 % | 100.0 % | 5.7 % | 4.4 % | |
ROA | -30.9 % | 92.3 % | 347.4 % | 19.5 % | 13.3 % |
ROE | 3933.3 % | 18.2 % | -219.4 % | 104.8 % | 43.1 % |
ROI | -30.9 % | 92.3 % | 347.4 % | 30.0 % | 34.2 % |
Economic value added (EVA) | -57.86 | 170.01 | 669.41 | 33.44 | 20.72 |
Solvency | |||||
Equity ratio | 100.0 % | 21.2 % | 30.4 % | ||
Gearing | 93.3 % | 45.1 % | |||
Relative net indebtedness % | 15.1 % | 24.9 % | |||
Liquidity | |||||
Quick ratio | 1.7 | 1.8 | |||
Current ratio | 1.5 | 1.5 | |||
Cash and cash equivalents | 104.79 | 27.85 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 26.0 | 29.0 | |||
Net working capital % | 11.5 % | 13.8 % | |||
Credit risk | |||||
Credit rating | BB | BBB | BBB | A | A |
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