SØREN HØGH INVEST A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SØREN HØGH INVEST A/S
SØREN HØGH INVEST A/S (CVR number: 33598505) is a company from SILKEBORG. The company recorded a gross profit of -15.8 kDKK in 2023, demonstrating a growth of 52.8 % compared to the previous year. The operating profit was -15.8 kDKK, while net earnings were 144.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent but Return on Equity (ROE) was 3.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 98.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SØREN HØGH INVEST A/S's liquidity measured by quick ratio was 86.6 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 684.22 | 735.42 | 500.00 | ||
Gross profit | 253.55 | 210.00 | - 385.29 | -33.45 | -15.80 |
EBIT | 228.55 | 210.00 | - 385.29 | -33.45 | -15.80 |
Net earnings | 92.58 | 155.98 | - 478.20 | 282.69 | 144.19 |
Shareholders equity total | 5 744.01 | 5 599.99 | 4 121.78 | 4 304.47 | 4 330.86 |
Balance sheet total (assets) | 16 311.87 | 12 761.45 | 6 476.44 | 4 309.67 | 4 377.87 |
Net debt | 9 398.53 | 6 842.88 | - 237.98 | -3 988.27 | -4 056.42 |
Profitability | |||||
EBIT-% | 33.4 % | 28.6 % | -6.7 % | ||
ROA | 1.5 % | 2.6 % | -4.4 % | 5.4 % | 4.7 % |
ROE | 1.6 % | 2.7 % | -9.8 % | 6.7 % | 3.3 % |
ROI | 1.5 % | 2.6 % | -4.4 % | 5.5 % | 4.7 % |
Economic value added (EVA) | - 413.98 | - 400.70 | - 858.46 | - 117.11 | -27.17 |
Solvency | |||||
Equity ratio | 35.2 % | 43.9 % | 63.6 % | 99.9 % | 98.9 % |
Gearing | 178.3 % | 126.8 % | 53.8 % | ||
Relative net indebtedness % | 1421.1 % | 938.9 % | -796.6 % | ||
Liquidity | |||||
Quick ratio | 0.2 | 0.9 | 2.5 | 770.1 | 86.6 |
Current ratio | 1.5 | 2.2 | 2.8 | 828.9 | 93.1 |
Cash and cash equivalents | 844.62 | 256.66 | 2 456.98 | 3 988.27 | 4 056.42 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 179.8 % | 470.7 % | 108.4 % | ||
Credit risk | |||||
Credit rating | A | A | BB | BBB | BBB |
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