HOVMAND A/S
Credit rating
Company information
About HOVMAND A/S
HOVMAND A/S (CVR number: 24257878) is a company from KØGE. The company reported a net sales of 127.7 mDKK in 2024, demonstrating a growth of 10.1 % compared to the previous year. The operating profit percentage was at 8 % (EBIT: 10.2 mDKK), while net earnings were 8412.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.8 %, which can be considered excellent and Return on Equity (ROE) was 37.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.2 %, 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. HOVMAND A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 81.65 | 90.75 | 115.90 | 127.66 | |
Gross profit | 24.26 | 29.75 | 33.59 | 44.42 | |
EBIT | 3.63 | 8.17 | 3.01 | 10.21 | |
Net earnings | 4.01 | 6.41 | 2.72 | 8.41 | |
Shareholders equity total | 16.54 | 20.46 | 19.33 | 25.74 | |
Balance sheet total (assets) | 34.72 | 42.96 | 52.20 | 49.66 | |
Net debt | 1.48 | 3.32 | 11.89 | 0.61 | |
Profitability | |||||
EBIT-% | 4.4 % | 9.0 % | 2.6 % | 8.0 % | |
ROA | 13.9 % | 21.6 % | 7.9 % | 21.8 % | |
ROE | 27.5 % | 34.7 % | 12.5 % | 37.3 % | |
ROI | 22.2 % | 35.6 % | 12.3 % | 35.0 % | |
Economic value added (EVA) | 2.48 | 5.97 | -0.57 | 2.37 | 7.13 |
Solvency | |||||
Equity ratio | 47.7 % | 47.8 % | 37.8 % | 52.2 % | |
Gearing | 20.7 % | 17.0 % | 62.7 % | 10.1 % | |
Relative net indebtedness % | 18.3 % | 22.6 % | 26.3 % | 16.0 % | |
Liquidity | |||||
Quick ratio | 0.9 | 1.0 | 1.2 | 1.3 | |
Current ratio | 1.4 | 1.5 | 1.6 | 2.0 | |
Cash and cash equivalents | 1.95 | 0.15 | 0.24 | 1.99 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 49.6 | 64.1 | 68.7 | 52.5 | |
Net working capital % | 9.0 % | 11.3 % | 12.8 % | 14.8 % | |
Credit risk | |||||
Credit rating | AA | AA | AA | AA |
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