LARS OLE KORNUM ApS
Credit rating
Company information
About the company
LARS OLE KORNUM ApS (CVR number: 10695880) is a company from GENTOFTE. The company recorded a gross profit of -63.5 kDKK in 2023. The operating profit was -63.5 kDKK, while net earnings were -23.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak but Return on Equity (ROE) was -31.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.8 %, 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. LARS OLE KORNUM ApS's liquidity measured by quick ratio was 1.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -50.30 | - 155.23 | - 267.04 | - 109.57 | -63.54 |
EBIT | -50.30 | - 155.23 | - 267.04 | - 109.57 | -63.54 |
Net earnings | 20 278.64 | 150 882.76 | 16 934.27 | - 125 416.62 | -23 610.05 |
Shareholders equity total | 44 033.24 | 194 916.00 | 211 850.27 | 86 433.65 | 62 823.60 |
Balance sheet total (assets) | 143 934.83 | 298 462.43 | 318 956.98 | 201 214.68 | 175 264.11 |
Net debt | -89 067.46 | - 238 420.66 | - 229 768.37 | - 102 604.18 | -79 956.24 |
Profitability | |||||
EBIT-% | |||||
ROA | 16.2 % | 70.0 % | 15.5 % | 3.5 % | 1.1 % |
ROE | 59.8 % | 126.3 % | 8.3 % | -84.1 % | -31.6 % |
ROI | 33.7 % | 102.1 % | 19.5 % | 4.8 % | 1.7 % |
Economic value added (EVA) | 2 397.72 | 2 429.69 | 2 039.26 | 1 147.61 | 1 407.83 |
Solvency | |||||
Equity ratio | 30.6 % | 65.3 % | 66.4 % | 43.0 % | 35.8 % |
Gearing | 52.2 % | 20.3 % | 20.6 % | 47.6 % | 62.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.6 | 4.3 | 4.1 | 1.9 | 1.6 |
Current ratio | 1.6 | 4.3 | 4.1 | 1.9 | 1.6 |
Cash and cash equivalents | 112 046.61 | 278 039.13 | 273 464.79 | 143 771.17 | 119 323.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | BB | BBB |
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