Credit rating
Company information
77Rental and leasing activities
About LB LEASING 2 ApS
LB LEASING 2 ApS (CVR number: 28981546) is a company from RINGSTED. The company reported a net sales of 3.7 mDKK in 2022, demonstrating a decline of -2.9 % compared to the previous year. The operating profit percentage was at 99.2 % (EBIT: 3.7 mDKK), while net earnings were 103 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak but Return on Equity (ROE) was 4.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 2.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. LB LEASING 2 ApS's liquidity measured by quick ratio was 2 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 4 276.00 | 4 124.00 | 3 992.00 | 3 796.00 | 3 686.00 |
| Gross profit | 4 253.00 | 4 103.00 | 3 964.00 | 3 769.00 | 3 656.00 |
| EBIT | 4 253.00 | 4 103.00 | 3 964.00 | 3 769.00 | 3 656.00 |
| Net earnings | 69.00 | 122.00 | 112.00 | 74.00 | 103.00 |
| Shareholders equity total | 2 084.00 | 2 206.00 | 2 318.00 | 2 392.00 | 2 495.00 |
| Balance sheet total (assets) | 120 999.00 | 115 969.00 | 110 749.00 | 105 361.00 | 99 589.00 |
| Net debt | 104 429.00 | 99 152.00 | 93 660.00 | 81 342.00 | 75 653.00 |
| Profitability | |||||
| EBIT-% | 99.5 % | 99.5 % | 99.3 % | 99.3 % | 99.2 % |
| ROA | 3.5 % | 3.5 % | 3.5 % | 3.5 % | 3.6 % |
| ROE | 3.4 % | 5.7 % | 5.0 % | 3.1 % | 4.2 % |
| ROI | 3.5 % | 3.5 % | 3.5 % | 3.5 % | 3.6 % |
| Economic value added (EVA) | -2 336.12 | -1 884.48 | -1 741.04 | -1 607.50 | -1 059.33 |
| Solvency | |||||
| Equity ratio | 1.7 % | 1.9 % | 2.1 % | 2.3 % | 2.5 % |
| Gearing | 5365.6 % | 4835.2 % | 4370.6 % | 4006.9 % | 3605.9 % |
| Relative net indebtedness % | 2450.7 % | 2412.3 % | 2354.3 % | 2150.9 % | 2086.9 % |
| Liquidity | |||||
| Quick ratio | 2.5 | 2.5 | 2.4 | 2.3 | 2.0 |
| Current ratio | 2.5 | 2.5 | 2.4 | 2.3 | 2.0 |
| Cash and cash equivalents | 7 391.00 | 7 513.00 | 7 650.00 | 14 504.00 | 14 313.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 199.9 % | 206.3 % | 211.4 % | 219.1 % | 196.3 % |
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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