HORNSYLD KORN A/S — Credit Rating and Financial Key Figures

CVR number: 46596315
Nørregade 28, 8783 Hornsyld
tel: 75687641

Company information

Official name
HORNSYLD KORN A/S
Established
1976
Company form
Limited company
Industry

About HORNSYLD KORN A/S

HORNSYLD KORN A/S (CVR number: 46596315) is a company from HEDENSTED. The company recorded a gross profit of -582.1 kDKK in 2023. The operating profit was -582.1 kDKK, while net earnings were 33.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.8 %, which can be considered good and Return on Equity (ROE) was 13.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 75.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. HORNSYLD KORN A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit- 126.10- 551.25-1 094.25-1 338.32- 582.11
EBIT- 251.09- 551.25-1 094.25-1 338.32- 582.11
Net earnings26 878.3824 618.7334 629.8245 022.3833 166.58
Shareholders equity total172 563.79162 351.17196 996.18244 248.38254 044.85
Balance sheet total (assets)266 538.22232 490.92264 738.52310 386.74336 759.70
Net debt80 174.1057 662.0854 275.4753 329.0371 786.83
Profitability
EBIT-%
ROA11.0 %10.2 %14.2 %15.9 %10.8 %
ROE14.6 %14.7 %19.3 %20.4 %13.3 %
ROI11.8 %10.7 %14.9 %16.7 %11.2 %
Economic value added (EVA)-11 026.99-13 131.73-11 832.58-13 760.01-15 425.16
Solvency
Equity ratio64.7 %69.8 %74.4 %78.7 %75.4 %
Gearing46.5 %35.5 %27.6 %21.8 %28.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.10.10.60.5
Current ratio0.30.10.10.60.5
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBAA

Variable visualization

ROA:10.8%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:75.4%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Chief executive officer
Board member
Board member

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