HEARTLAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HEARTLAND A/S
HEARTLAND A/S (CVR number: 28502370) is a company from AARHUS. The company recorded a gross profit of -27000 kDKK in 2024. The operating profit was -78 mDKK, while net earnings were 2185 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent and Return on Equity (ROE) was 6.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 80.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 32 343 666.00 | ||||
Gross profit | 8 092 015.00 | -31 000.00 | - 114 000.00 | -26 000.00 | -27 000.00 |
EBIT | 620 004.00 | -69 000.00 | - 151 000.00 | -68 000.00 | -78 000.00 |
Net earnings | 45 071.00 | 5 914 000.00 | 1 026 000.00 | 752 000.00 | 2 185 000.00 |
Shareholders equity total | 25 249 117.00 | 30 573 000.00 | 32 666 000.00 | 31 465 000.00 | 33 258 000.00 |
Balance sheet total (assets) | 46 419 236.00 | 34 625 000.00 | 40 814 000.00 | 38 421 000.00 | 41 243 000.00 |
Net debt | 7 494 251.00 | 3 850 000.00 | 7 768 000.00 | 6 643 000.00 | 7 781 000.00 |
Profitability | |||||
EBIT-% | 1.9 % | ||||
ROA | 3.0 % | 14.6 % | 2.7 % | 2.3 % | 6.0 % |
ROE | 0.2 % | 21.6 % | 3.2 % | 2.3 % | 6.8 % |
ROI | 3.3 % | 16.0 % | 2.7 % | 2.3 % | 6.0 % |
Economic value added (EVA) | 1 098 550.50 | - 341 332.03 | 575 462.13 | 505 137.36 | 246 258.45 |
Solvency | |||||
Equity ratio | 54.4 % | 88.3 % | 80.0 % | 81.9 % | 80.6 % |
Gearing | 48.3 % | 12.8 % | 24.5 % | 21.4 % | 23.4 % |
Relative net indebtedness % | 44.1 % | ||||
Liquidity | |||||
Quick ratio | 0.5 | 0.2 | 0.8 | 0.8 | 0.5 |
Current ratio | 0.7 | 0.2 | 0.8 | 0.8 | 0.5 |
Cash and cash equivalents | 4 692 528.00 | 61 000.00 | 236 000.00 | 95 000.00 | 1 000.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 27.9 | ||||
Net working capital % | -16.7 % | ||||
Credit risk | |||||
Credit rating | AA | A | A | A | A |
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