ERLING FINSEN HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 104.76 | 202.40 | - 211.13 | -75.25 | - 101.20 |
EBIT | 104.76 | 202.40 | - 211.13 | -75.25 | - 101.20 |
Net earnings | 390.09 | 1 443.20 | 202.54 | 3 627.28 | 133.45 |
Shareholders equity total | 10 468.58 | 11 916.97 | 12 055.22 | 982.50 | 640.94 |
Balance sheet total (assets) | 15 018.40 | 14 906.22 | 15 414.54 | 3 820.90 | 722.84 |
Net debt | 1 618.29 | 1 754.13 | -3 044.59 | - 289.70 | |
Profitability | |||||
EBIT-% | |||||
ROA | 3.4 % | 3.0 % | 1.9 % | 27.6 % | -5.4 % |
ROE | 3.8 % | 12.9 % | 1.7 % | 55.6 % | 16.4 % |
ROI | 3.8 % | 3.3 % | 1.9 % | 32.1 % | -13.0 % |
Economic value added (EVA) | - 201.47 | 345.01 | - 108.16 | 111.04 | 56.36 |
Solvency | |||||
Equity ratio | 69.7 % | 79.9 % | 78.2 % | 25.7 % | 88.7 % |
Gearing | 14.3 % | 16.2 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.4 | 0.3 | 0.3 | 1.4 | 6.4 |
Current ratio | 0.4 | 0.3 | 0.3 | 1.4 | 6.4 |
Cash and cash equivalents | 81.80 | 199.94 | 3 044.59 | 289.70 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BB |
Variable visualization
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