Søren Landtved Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Søren Landtved Holding ApS
Søren Landtved Holding ApS (CVR number: 40277587) is a company from MIDDELFART. The company reported a net sales of 3.8 mDKK in 2023, demonstrating a growth of 148.2 % compared to the previous year. The operating profit percentage was at 94.6 % (EBIT: 3.6 mDKK), while net earnings were 3891 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.3 %, which can be considered excellent and Return on Equity (ROE) was 40 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Søren Landtved Holding ApS'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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 698.36 | 2 047.07 | 2 812.90 | 1 524.96 | 3 784.68 |
Gross profit | 2 694.36 | 2 033.60 | 2 790.72 | 1 480.41 | 3 778.60 |
EBIT | 2 694.36 | 2 033.60 | 2 790.72 | 1 455.36 | 3 578.66 |
Net earnings | 2 695.25 | 2 080.71 | 3 163.86 | 903.42 | 3 891.00 |
Shareholders equity total | 2 745.25 | 4 715.35 | 7 766.22 | 7 955.24 | 11 478.44 |
Balance sheet total (assets) | 2 865.12 | 4 845.60 | 11 025.22 | 13 005.54 | 16 800.12 |
Net debt | -1 135.90 | -3 361.51 | 121.22 | - 368.47 | |
Profitability | |||||
EBIT-% | 99.9 % | 99.3 % | 99.2 % | 95.4 % | 94.6 % |
ROA | 94.0 % | 54.3 % | 41.1 % | 14.2 % | 28.3 % |
ROE | 98.2 % | 55.8 % | 50.7 % | 11.5 % | 40.0 % |
ROI | 98.1 % | 56.0 % | 41.7 % | 14.3 % | 28.4 % |
Economic value added (EVA) | 2 695.25 | 2 099.82 | 2 785.13 | 2 177.38 | 3 618.42 |
Solvency | |||||
Equity ratio | 95.8 % | 97.3 % | 70.4 % | 61.2 % | 68.3 % |
Gearing | 0.3 % | 40.6 % | 63.0 % | 46.3 % | |
Relative net indebtedness % | 4.4 % | -49.8 % | -115.8 % | 10.6 % | -9.4 % |
Liquidity | |||||
Quick ratio | 1.0 | 9.6 | 2.0 | 1.1 | 1.2 |
Current ratio | 1.0 | 9.6 | 2.0 | 1.1 | 1.2 |
Cash and cash equivalents | 1 149.14 | 6 515.77 | 4 888.42 | 5 677.65 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -0.1 % | 22.9 % | -5.3 % | -268.3 % | -111.7 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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