KIRK LARSEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KIRK LARSEN ApS
KIRK LARSEN ApS (CVR number: 18337444) is a company from LOLLAND. The company recorded a gross profit of -90.5 kDKK in 2023. The operating profit was -1134.2 kDKK, while net earnings were -1156 kDKK. The profitability of the company measured by Return on Assets (ROA) was -57.5 %, which can be considered poor and Return on Equity (ROE) was -106.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38.4 %, 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. KIRK LARSEN ApS's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 272.01 | ||||
Gross profit | 94.73 | 118.00 | 90.52 | 3.54 | -90.49 |
EBIT | 89.72 | 94.64 | 44.76 | -42.21 | -1 134.17 |
Net earnings | 69.98 | 73.82 | - 481.27 | - 125.65 | -1 156.02 |
Shareholders equity total | 460.27 | 473.15 | -8.12 | 1 666.23 | 510.21 |
Balance sheet total (assets) | 3 451.95 | 3 068.94 | 2 671.31 | 2 614.15 | 1 327.59 |
Net debt | -98.03 | 2 405.20 | -31.72 | 862.98 | 651.59 |
Profitability | |||||
EBIT-% | 33.0 % | ||||
ROA | 2.6 % | 2.9 % | 1.6 % | -1.6 % | -57.5 % |
ROE | 16.5 % | 15.8 % | -30.6 % | -5.8 % | -106.2 % |
ROI | 2.6 % | 2.9 % | 1.6 % | -1.6 % | -59.6 % |
Economic value added (EVA) | 63.78 | 65.18 | 13.59 | -40.21 | -1 216.98 |
Solvency | |||||
Equity ratio | 13.3 % | 15.4 % | -0.3 % | 63.7 % | 38.4 % |
Gearing | 531.8 % | 52.9 % | 146.7 % | ||
Relative net indebtedness % | 1063.8 % | ||||
Liquidity | |||||
Quick ratio | 7.1 | 0.4 | 0.3 | 1.5 | |
Current ratio | 7.1 | 0.4 | 0.3 | 1.5 | |
Cash and cash equivalents | 98.03 | 111.16 | 31.72 | 18.31 | 96.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 65.3 | ||||
Net working capital % | 219.4 % | ||||
Credit risk | |||||
Credit rating | A | A | BBB | BBB | BB |
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