HAARSLEV GROUP A/S
Credit rating
Company information
About HAARSLEV GROUP A/S
HAARSLEV GROUP A/S (CVR number: 33968981) is a company from NORDFYNS. The company reported a net sales of 57.4 mDKK in 2019, demonstrating a decline of -32.4 % compared to the previous year. The operating profit percentage was poor at -88.7 % (EBIT: -50.9 mDKK), while net earnings were -171.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was -16.5 %, which can be considered poor and Return on Equity (ROE) was -48.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.4 %, 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. HAARSLEV GROUP A/S's liquidity measured by quick ratio was 0.7 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
Volume | ||||
Net sales | 69.89 | 94.97 | 84.86 | 57.36 |
Gross profit | 61.06 | 79.78 | 84.86 | 57.36 |
EBIT | -2.45 | -4.36 | -24.40 | -50.86 |
Net earnings | -0.36 | - 136.41 | - 201.19 | - 171.56 |
Shareholders equity total | 691.15 | 536.98 | 396.85 | 310.63 |
Balance sheet total (assets) | 1 120.25 | 942.08 | 898.14 | 853.46 |
Net debt | 406.30 | 385.28 | 469.15 | 509.36 |
Profitability | ||||
EBIT-% | -3.5 % | -4.6 % | -28.8 % | -88.7 % |
ROA | 1.5 % | -10.9 % | -18.4 % | -16.5 % |
ROE | -0.1 % | -22.2 % | -43.1 % | -48.5 % |
ROI | 1.5 % | -11.1 % | -19.0 % | -17.1 % |
Economic value added (EVA) | -1.69 | 2.63 | -13.21 | -41.08 |
Solvency | ||||
Equity ratio | 61.7 % | 57.0 % | 44.2 % | 36.4 % |
Gearing | 58.8 % | 71.8 % | 118.2 % | 164.5 % |
Relative net indebtedness % | 614.0 % | 426.3 % | 590.6 % | 943.8 % |
Liquidity | ||||
Quick ratio | 0.1 | 0.1 | 0.4 | 0.7 |
Current ratio | 0.1 | 0.1 | 0.4 | 0.7 |
Cash and cash equivalents | 0.00 | 0.25 | 0.10 | 1.51 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | -211.2 % | -146.5 % | -41.1 % | -36.9 % |
Credit risk | ||||
Credit rating | A | BBB | BBB | BBB |
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