ERLING FINSEN HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 33080891
Toldbodgade 51 B, 1253 København K
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Company information

Official name
ERLING FINSEN HOLDING A/S
Established
2010
Company form
Limited company
Industry

About ERLING FINSEN HOLDING A/S

ERLING FINSEN HOLDING A/S (CVR number: 33080891) is a company from KØBENHAVN. The company recorded a gross profit of -101.2 kDKK in 2022. The operating profit was -101.2 kDKK, while net earnings were 133.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.4 %, which can be considered poor but Return on Equity (ROE) was 16.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 88.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ERLING FINSEN HOLDING A/S's liquidity measured by quick ratio was 6.4 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit104.76202.40- 211.13-75.25- 101.20
EBIT104.76202.40- 211.13-75.25- 101.20
Net earnings390.091 443.20202.543 627.28133.45
Shareholders equity total10 468.5811 916.9712 055.22982.50640.94
Balance sheet total (assets)15 018.4014 906.2215 414.543 820.90722.84
Net debt1 618.291 754.13-3 044.59- 289.70
Profitability
EBIT-%
ROA3.4 %3.0 %1.9 %27.6 %-5.4 %
ROE3.8 %12.9 %1.7 %55.6 %16.4 %
ROI3.8 %3.3 %1.9 %32.1 %-13.0 %
Economic value added (EVA)- 201.47345.01- 108.16111.0456.36
Solvency
Equity ratio69.7 %79.9 %78.2 %25.7 %88.7 %
Gearing14.3 %16.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.30.31.46.4
Current ratio0.40.30.31.46.4
Cash and cash equivalents81.80199.943 044.59289.70
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBBB

Variable visualization

ROA:-5.37%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:88.7%
Rating: 69/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Board member
Board member

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