HENNING SØRENSEN EL A/S — Credit Rating and Financial Key Figures

CVR number: 36036419
Vellingvej 41, 6950 Ringkøbing

Company information

Official name
HENNING SØRENSEN EL A/S
Personnel
11 persons
Established
2014
Company form
Limited company
Industry

About HENNING SØRENSEN EL A/S

HENNING SØRENSEN EL A/S (CVR number: 36036419) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 7223.9 kDKK in 2023. The operating profit was 925.2 kDKK, while net earnings were 737.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.7 %, which can be considered good but Return on Equity (ROE) was 17.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 45.8 %, 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. HENNING SØRENSEN EL A/S's liquidity measured by quick ratio was 1.8 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit6 371.507 054.6710 178.999 378.847 223.94
EBIT1 151.751 952.702 781.042 542.63925.21
Net earnings870.361 499.662 157.121 949.15737.57
Shareholders equity total2 410.123 409.794 366.914 716.063 853.63
Balance sheet total (assets)5 373.996 344.568 424.077 209.9110 161.41
Net debt290.99-7.34- 187.41- 447.08- 327.68
Profitability
EBIT-%
ROA22.6 %33.3 %37.7 %32.5 %10.7 %
ROE39.1 %51.5 %55.5 %42.9 %17.2 %
ROI41.2 %59.4 %68.8 %55.5 %20.1 %
Economic value added (EVA)828.691 402.402 006.891 764.27527.37
Solvency
Equity ratio45.7 %56.1 %54.1 %66.8 %45.8 %
Gearing18.6 %5.3 %15.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.41.81.82.51.8
Current ratio1.51.81.82.61.5
Cash and cash equivalents157.18187.03187.41447.08923.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAA

Variable visualization

ROA:10.7%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:45.8%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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