CARL RAS HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CARL RAS HOLDING A/S
CARL RAS HOLDING A/S (CVR number: 35253246K) is a company from HERLEV. The company reported a net sales of 1245.5 mDKK in 2024, demonstrating a growth of 7.2 % compared to the previous year. The operating profit percentage was at 4.4 % (EBIT: 55.1 mDKK), while net earnings were 33.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.4 %, which can be considered decent but Return on Equity (ROE) was 8.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 49.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. CARL RAS HOLDING A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 902.32 | 999.37 | 1 072.32 | 1 161.99 | 1 245.49 |
Gross profit | 257.47 | 298.96 | 299.60 | 306.71 | 331.37 |
EBIT | 55.90 | 80.67 | 64.71 | 49.08 | 55.11 |
Net earnings | 38.34 | 50.89 | 47.20 | 28.54 | 33.74 |
Shareholders equity total | 353.76 | 395.00 | 434.38 | 435.33 | 455.97 |
Balance sheet total (assets) | 719.22 | 783.32 | 846.55 | 911.64 | 921.34 |
Net debt | 209.83 | 230.45 | |||
Profitability | |||||
EBIT-% | 6.2 % | 8.1 % | 6.0 % | 4.2 % | 4.4 % |
ROA | 8.1 % | 10.7 % | 7.9 % | 5.4 % | 6.4 % |
ROE | 11.4 % | 13.6 % | 11.4 % | 6.8 % | 8.2 % |
ROI | 8.5 % | 10.7 % | 7.9 % | 6.2 % | 8.1 % |
Economic value added (EVA) | 26.49 | 62.89 | 44.86 | 15.78 | 7.03 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 47.8 % | 49.5 % |
Gearing | 50.3 % | 52.4 % | |||
Relative net indebtedness % | 37.2 % | 33.8 % | |||
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | |||
Current ratio | 1.8 | 1.9 | |||
Cash and cash equivalents | 9.29 | 8.64 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 47.5 | 44.0 | |||
Net working capital % | 20.5 % | 20.8 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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