HENNING OLSEN HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HENNING OLSEN HOLDING A/S
HENNING OLSEN HOLDING A/S (CVR number: 21420476) is a company from AALBORG. The company recorded a gross profit of 30.8 kDKK in 2021. The operating profit was -84.5 kDKK, while net earnings were -527.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.4 %, which can be considered poor and Return on Equity (ROE) was -9.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 83.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. HENNING OLSEN HOLDING A/S's liquidity measured by quick ratio was 6.1 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -5.76 | 18.08 | 18.23 | -43.95 | 30.78 |
| EBIT | -5.76 | - 149.76 | - 132.08 | - 234.23 | -84.51 |
| Net earnings | - 142.47 | 117.67 | - 242.23 | 381.30 | - 527.61 |
| Shareholders equity total | 5 695.58 | 5 613.25 | 5 317.02 | 5 643.02 | 5 058.91 |
| Balance sheet total (assets) | 6 085.11 | 6 459.18 | 5 810.74 | 6 573.75 | 6 049.06 |
| Net debt | -5 852.62 | -6 059.55 | -5 520.30 | -6 427.60 | -5 935.94 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 2.1 % | 2.3 % | 3.8 % | 8.5 % | -8.4 % |
| ROE | -2.4 % | 2.1 % | -4.4 % | 7.0 % | -9.9 % |
| ROI | 2.2 % | 2.5 % | 4.3 % | 9.6 % | -10.0 % |
| Economic value added (EVA) | -11.72 | - 143.15 | -76.13 | - 167.46 | -43.80 |
| Solvency | |||||
| Equity ratio | 93.6 % | 86.9 % | 91.5 % | 85.8 % | 83.6 % |
| Gearing | 0.1 % | 0.5 % | |||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 15.6 | 7.2 | 11.5 | 7.0 | 6.1 |
| Current ratio | 15.6 | 7.2 | 11.5 | 7.0 | 6.1 |
| Cash and cash equivalents | 5 857.40 | 6 086.32 | 5 520.30 | 6 427.60 | 5 935.94 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | A | BBB |
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