JØRN LARSEN FOODS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About JØRN LARSEN FOODS ApS
JØRN LARSEN FOODS ApS (CVR number: 26064899) is a company from AALBORG. The company recorded a gross profit of -82.1 kDKK in 2022. The operating profit was -304.1 kDKK, while net earnings were -415.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.4 %, which can be considered poor and Return on Equity (ROE) was -8.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 25.3 %, 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. JØRN LARSEN FOODS ApS's liquidity measured by quick ratio was 1.3 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 086.19 | 1 673.13 | 2 274.86 | 7 189.92 | -82.10 |
EBIT | 2 893.36 | 1 416.08 | -1 897.93 | 7 005.12 | - 304.13 |
Net earnings | 2 145.91 | 960.79 | -1 667.29 | 5 223.68 | - 415.15 |
Shareholders equity total | 7 142.56 | 6 508.35 | 4 841.06 | 9 064.74 | 1 149.58 |
Balance sheet total (assets) | 19 148.06 | 13 058.86 | 14 109.13 | 12 958.90 | 4 538.30 |
Net debt | -6 580.44 | -2 362.94 | -1 860.61 | -6 499.44 | -70.69 |
Profitability | |||||
EBIT-% | |||||
ROA | 12.5 % | 8.8 % | -14.0 % | 51.8 % | -2.4 % |
ROE | 34.0 % | 14.1 % | -29.4 % | 75.1 % | -8.1 % |
ROI | 35.0 % | 14.8 % | -22.5 % | 74.6 % | -2.9 % |
Economic value added (EVA) | 2 289.48 | 1 202.47 | -1 545.03 | 5 332.81 | - 356.24 |
Solvency | |||||
Equity ratio | 37.3 % | 49.8 % | 34.3 % | 69.9 % | 25.3 % |
Gearing | 35.7 % | 44.5 % | 54.5 % | 24.8 % | 197.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.4 | 1.8 | 1.5 | 3.3 | 1.3 |
Current ratio | 1.6 | 2.0 | 1.7 | 3.3 | 1.3 |
Cash and cash equivalents | 9 130.16 | 5 257.97 | 4 498.38 | 8 745.46 | 2 342.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BB |
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