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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 39.5 kDKK in 2024. The operating profit was 10.9 kDKK, while net earnings were -10.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak but Return on Equity (ROE) was -2.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37.2 %, 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 1.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 118.00 | 90.52 | 3.54 | -90.49 | 39.53 |
| EBIT | 94.64 | 44.76 | -42.21 | -1 134.17 | 10.91 |
| Net earnings | 73.82 | - 481.27 | - 125.65 | -1 156.02 | -10.50 |
| Shareholders equity total | 473.15 | -8.12 | 1 666.23 | 510.22 | 499.71 |
| Balance sheet total (assets) | 3 068.94 | 2 671.31 | 2 614.15 | 1 327.59 | 1 342.07 |
| Net debt | 2 405.20 | -31.72 | 862.98 | 651.59 | 638.65 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 2.9 % | 1.6 % | -1.6 % | -57.5 % | 0.8 % |
| ROE | 15.8 % | -30.6 % | -5.8 % | -106.2 % | -2.1 % |
| ROI | 2.9 % | 1.6 % | -1.6 % | -59.6 % | 0.9 % |
| Economic value added (EVA) | 50.69 | - 118.44 | -41.80 | -1 262.18 | -53.28 |
| Solvency | |||||
| Equity ratio | 15.4 % | -0.3 % | 63.7 % | 38.4 % | 37.2 % |
| Gearing | 531.8 % | 52.9 % | 146.7 % | 152.9 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 7.1 | 0.4 | 0.3 | 1.5 | 1.6 |
| Current ratio | 7.1 | 0.4 | 0.3 | 1.5 | 1.6 |
| Cash and cash equivalents | 111.16 | 31.72 | 18.31 | 96.78 | 125.20 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BB | BBB |
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