HEGNSVANG AGRO APS. — Credit Rating and Financial Key Figures
Credit rating
Company information
About HEGNSVANG AGRO APS.
HEGNSVANG AGRO APS. (CVR number: 37669962) is a company from HEDENSTED. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a decline of -5.7 % compared to the previous year. The operating profit percentage was poor at -21.3 % (EBIT: -0 mDKK), while net earnings were -33 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.1 %, which can be considered poor and Return on Equity (ROE) was -18.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.2 %, 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. HEGNSVANG AGRO APS.'s liquidity measured by quick ratio was 0.6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 346.28 | 209.33 | 186.01 | 175.40 | |
Gross profit | -26.37 | 17.37 | -65.18 | -31.35 | -34.10 |
EBIT | -31.36 | 17.37 | -65.18 | -31.35 | -37.42 |
Net earnings | -42.92 | 10.16 | -68.94 | -33.96 | -33.00 |
Shareholders equity total | 288.99 | 321.40 | 230.21 | 196.24 | 163.24 |
Balance sheet total (assets) | 613.67 | 617.29 | 550.78 | 659.87 | 623.82 |
Net debt | -6.02 | 17.39 | 152.55 | 336.00 | 361.40 |
Profitability | |||||
EBIT-% | -9.1 % | -31.1 % | -16.9 % | -21.3 % | |
ROA | -4.4 % | 3.7 % | -10.5 % | -4.4 % | -4.1 % |
ROE | -11.0 % | 3.3 % | -25.0 % | -15.9 % | -18.4 % |
ROI | -21.7 % | 3.9 % | -15.6 % | -7.1 % | -6.1 % |
Economic value added (EVA) | -26.72 | 17.31 | -60.09 | -28.33 | -34.39 |
Solvency | |||||
Equity ratio | 47.1 % | 52.1 % | 41.8 % | 29.7 % | 26.2 % |
Gearing | 42.3 % | 84.1 % | 174.9 % | 230.7 % | |
Relative net indebtedness % | 40.0 % | 72.9 % | 191.4 % | 211.9 % | |
Liquidity | |||||
Quick ratio | 0.3 | 1.1 | 0.7 | 0.4 | 0.6 |
Current ratio | 1.0 | 1.8 | 1.0 | 0.5 | 0.6 |
Cash and cash equivalents | 6.02 | 118.64 | 41.14 | 7.26 | 15.13 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 106.7 | 243.9 | 415.5 | ||
Net working capital % | 1.4 % | -3.4 % | -100.4 % | -92.9 % | |
Credit risk | |||||
Credit rating | BBB | BBB | BB | BBB | BBB |
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