Hardware Group A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Hardware Group A/S
Hardware Group A/S (CVR number: 43337726K) is a company from HERLEV. The company reported a net sales of 579.1 mDKK in 2024, demonstrating a growth of 4.9 % compared to the previous year. The operating profit percentage was at 1.3 % (EBIT: 7.6 mDKK), while net earnings were -71.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.1 %, which can be considered weak but Return on Equity (ROE) was -0.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 36.3 %, 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. Hardware Group A/S's liquidity measured by quick ratio was 0.6 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 financials2022 | 2023 | 2024 | |
|---|---|---|---|
| Volume | |||
| Net sales | 551 913.19 | 579 059.31 | |
| Gross profit | 44 246.93 | 92 803.08 | 90 688.23 |
| EBIT | - 957.79 | 5 622.55 | 7 603.69 |
| Net earnings | -4 510.97 | -3 439.51 | -71.37 |
| Shareholders equity total | 124 156.90 | 117 494.11 | 121 142.19 |
| Balance sheet total (assets) | 381 287.50 | 355 074.19 | 334 054.72 |
| Net debt | 143 169.67 | 119 431.92 | 107 820.58 |
| Profitability | |||
| EBIT-% | 1.0 % | 1.3 % | |
| ROA | 0.2 % | 1.8 % | 3.1 % |
| ROE | -3.5 % | -2.8 % | -0.1 % |
| ROI | 0.3 % | 2.5 % | 4.4 % |
| Economic value added (EVA) | - 680.03 | -10 303.21 | -7 246.14 |
| Solvency | |||
| Equity ratio | 32.8 % | 33.1 % | 36.3 % |
| Gearing | 118.1 % | 104.4 % | 92.4 % |
| Relative net indebtedness % | 40.4 % | 34.3 % | |
| Liquidity | |||
| Quick ratio | 0.7 | 0.8 | 0.6 |
| Current ratio | 1.7 | 1.7 | 1.4 |
| Cash and cash equivalents | 3 518.04 | 3 250.08 | 4 060.38 |
| Capital use efficiency | |||
| Trade debtors turnover (days) | 51.8 | 44.4 | |
| Net working capital % | 16.1 % | 10.0 % | |
| Credit risk | |||
| Credit rating | A | AA | AA |
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