FRODE LAURSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRODE LAURSEN A/S
FRODE LAURSEN A/S (CVR number: 29482713) is a company from FAVRSKOV. The company reported a net sales of 2269.6 mDKK in 2024, demonstrating a growth of 5.4 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 45.1 mDKK), while net earnings were 26.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent but Return on Equity (ROE) was 11.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 32.5 %, 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. FRODE LAURSEN A/S's liquidity measured by quick ratio was 1.2 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 933.48 | 2 066.23 | 2 289.91 | 2 153.77 | 2 269.64 |
Gross profit | 1 933.48 | 2 066.23 | 2 289.91 | 160.56 | 192.99 |
EBIT | 49.68 | 44.47 | 45.97 | 22.82 | 45.15 |
Net earnings | 39.08 | 30.80 | 35.73 | 20.56 | 26.91 |
Shareholders equity total | 201.38 | 200.47 | 220.07 | 224.29 | 241.13 |
Balance sheet total (assets) | 651.47 | 722.88 | 832.37 | 778.37 | 741.18 |
Net debt | 245.48 | 222.82 | |||
Profitability | |||||
EBIT-% | 2.6 % | 2.2 % | 2.0 % | 1.1 % | 2.0 % |
ROA | 7.6 % | 6.5 % | 5.9 % | 5.4 % | 6.3 % |
ROE | 20.1 % | 15.3 % | 17.0 % | 9.3 % | 11.6 % |
ROI | 7.6 % | 6.5 % | 5.9 % | 6.5 % | 9.5 % |
Economic value added (EVA) | 40.23 | 34.35 | 35.90 | 8.20 | 8.53 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 28.8 % | 32.5 % |
Gearing | 131.4 % | 100.2 % | |||
Relative net indebtedness % | 23.4 % | 21.2 % | |||
Liquidity | |||||
Quick ratio | 1.2 | 1.2 | |||
Current ratio | 1.2 | 1.3 | |||
Cash and cash equivalents | 49.12 | 18.72 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 100.1 | 93.1 | |||
Net working capital % | 5.6 % | 6.3 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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