LETPENSION FORSIKRINGSFORMIDLING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About LETPENSION FORSIKRINGSFORMIDLING A/S
LETPENSION FORSIKRINGSFORMIDLING A/S (CVR number: 29401675) is a company from KØBENHAVN. The company reported a net sales of 52.7 mDKK in 2023, demonstrating a growth of 4 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 0.3 mDKK), while net earnings were 1707 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.4 %, which can be considered decent and Return on Equity (ROE) was 6.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 81.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. LETPENSION FORSIKRINGSFORMIDLING A/S's liquidity measured by quick ratio was 5.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 32.07 | 43.99 | 39.81 | 50.66 | 52.68 |
Gross profit | 32.07 | 43.99 | 39.81 | 50.66 | 52.68 |
EBIT | -8.21 | 3.58 | -3.94 | 1.96 | 0.35 |
Net earnings | -8.25 | 3.43 | -4.11 | 1.86 | 1.71 |
Shareholders equity total | 23.31 | 26.74 | 22.73 | 25.28 | 26.98 |
Balance sheet total (assets) | 29.45 | 36.84 | 27.39 | 30.22 | 33.04 |
Net debt | -18.24 | -30.65 | -20.97 | -25.45 | -28.26 |
Profitability | |||||
EBIT-% | -25.6 % | 8.1 % | -9.9 % | 3.9 % | 0.7 % |
ROA | -25.0 % | 10.8 % | -12.3 % | 7.3 % | 5.4 % |
ROE | -30.1 % | 13.7 % | -16.6 % | 7.8 % | 6.5 % |
ROI | -29.7 % | 14.2 % | -15.9 % | 8.7 % | 6.5 % |
Economic value added (EVA) | -8.46 | 3.33 | -3.74 | 1.87 | 0.36 |
Solvency | |||||
Equity ratio | 79.2 % | 72.6 % | 83.0 % | 83.6 % | 81.7 % |
Gearing | 1.3 % | 0.5 % | |||
Relative net indebtedness % | -38.7 % | -46.7 % | -41.0 % | -40.5 % | -42.4 % |
Liquidity | |||||
Quick ratio | 5.4 | 3.6 | 5.9 | 6.1 | 5.5 |
Current ratio | 5.4 | 3.6 | 5.9 | 6.1 | 5.5 |
Cash and cash equivalents | 18.54 | 30.65 | 20.97 | 25.45 | 28.40 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 62.0 | 5.3 | 4.2 | 7.4 | 3.7 |
Net working capital % | 74.7 % | 60.8 % | 57.1 % | 20.5 % | 22.1 % |
Credit risk | |||||
Credit rating | BBB | A | BB | BBB | BBB |
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