HEARTLAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HEARTLAND A/S
HEARTLAND A/S (CVR number: 28502370K) is a company from AARHUS. The company reported a net sales of 57329 mDKK in 2024, demonstrating a growth of 4.3 % compared to the previous year. The operating profit percentage was at 9.6 % (EBIT: 5510 mDKK), while net earnings were 2577 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9 %, which can be considered good but Return on Equity (ROE) was 8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 57.1 %, 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. HEARTLAND A/S's liquidity measured by quick ratio was 0.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 39 155.00 | 50 491.00 | 54 980.00 | 57 329.00 | |
Gross profit | 12 060.00 | 15 070.00 | 15 120.00 | 17 417.00 | |
EBIT | 4 029.00 | 6 412.00 | 4 912.00 | 5 510.00 | |
Net earnings | 5 924.00 | 1 255.00 | 1 060.00 | 2 577.00 | |
Shareholders equity total | 31 580.00 | 33 921.00 | 32 755.00 | 34 785.00 | |
Balance sheet total (assets) | 56 053.00 | 61 153.00 | 58 012.00 | 60 900.00 | |
Net debt | 5 633.00 | 10 155.00 | 10 010.00 | 6 929.00 | |
Profitability | |||||
EBIT-% | 10.3 % | 12.7 % | 8.9 % | 9.6 % | |
ROA | 13.3 % | 7.0 % | 5.6 % | 9.0 % | |
ROE | 19.4 % | 4.0 % | 3.3 % | 8.0 % | |
ROI | 16.3 % | 8.6 % | 6.7 % | 10.9 % | |
Economic value added (EVA) | - 397.57 | 3 135.36 | 4 920.76 | 3 105.20 | 3 174.06 |
Solvency | |||||
Equity ratio | 56.3 % | 55.5 % | 56.5 % | 57.1 % | |
Gearing | 37.9 % | 41.5 % | 45.5 % | 34.7 % | |
Relative net indebtedness % | 41.4 % | 42.6 % | 34.4 % | 32.8 % | |
Liquidity | |||||
Quick ratio | 0.5 | 0.5 | 0.6 | 0.5 | |
Current ratio | 0.8 | 1.0 | 1.0 | 1.0 | |
Cash and cash equivalents | 6 332.00 | 3 935.00 | 4 883.00 | 5 156.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 27.6 | 23.7 | 19.8 | 15.9 | |
Net working capital % | -12.8 % | -2.1 % | -1.5 % | -0.4 % | |
Credit risk | |||||
Credit rating | AA | AA | AA | AA |
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