Hvidevareland A/S — Credit Rating and Financial Key Figures

CVR number: 32651186
Ibæk Strandvej 10, 7100 Vejle
tel: 75885544

Credit rating

Company information

Official name
Hvidevareland A/S
Personnel
9 persons
Established
2009
Company form
Limited company
Industry

About Hvidevareland A/S

Hvidevareland A/S (CVR number: 32651186) is a company from VEJLE. The company recorded a gross profit of 1942.7 kDKK in 2023. The operating profit was -1278.3 kDKK, while net earnings were -687.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.6 %, which can be considered poor and Return on Equity (ROE) was -14.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 44.9 %, 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. Hvidevareland A/S's liquidity measured by quick ratio was 0.2 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 profit1 663.733 212.844 692.623 550.501 942.75
EBIT-95.421 344.001 688.62174.34-1 278.32
Net earnings102.281 444.861 943.81645.17- 687.44
Shareholders equity total1 939.923 384.784 968.595 133.774 285.07
Balance sheet total (assets)4 414.828 493.339 565.6211 191.849 771.38
Net debt54.61-1 898.80233.762 655.872 084.53
Profitability
EBIT-%
ROA3.6 %29.0 %28.1 %9.3 %-6.6 %
ROE5.4 %54.3 %46.5 %12.8 %-14.6 %
ROI7.1 %61.2 %51.6 %13.3 %-8.9 %
Economic value added (EVA)- 164.83949.901 241.26- 110.59-1 265.17
Solvency
Equity ratio45.7 %41.3 %54.6 %47.9 %44.9 %
Gearing4.2 %1.1 %6.8 %52.9 %50.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.60.30.20.2
Current ratio1.31.41.71.51.3
Cash and cash equivalents27.831 936.47105.2262.4366.06
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAAABBB

Variable visualization

ROA:-6.64%
Rating: 13/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.9%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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