FONDEN LANGELANDS ELFORSYNING — Credit Rating and Financial Key Figures

CVR number: 80000316
Spodsbjergvej 141, 5900 Rudkøbing
lef@lef.dk
tel: 62511055

Credit rating

Company information

Official name
FONDEN LANGELANDS ELFORSYNING
Personnel
24 persons
Established
1969
Industry

About FONDEN LANGELANDS ELFORSYNING

FONDEN LANGELANDS ELFORSYNING (CVR number: 80000316K) is a company from LANGELAND. The company reported a net sales of 72.2 mDKK in 2024, demonstrating a decline of -24.5 % compared to the previous year. The operating profit percentage was at 5.5 % (EBIT: 4 mDKK), while net earnings were 23.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.5 %, which can be considered decent and Return on Equity (ROE) was 6.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 84.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FONDEN LANGELANDS ELFORSYNING's liquidity measured by quick ratio was 5.1 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales53.2758.80129.1295.6772.19
Gross profit29.9427.5031.9321.7025.23
EBIT-1.76-7.31-5.197.113.97
Net earnings16.9310.33-34.3622.7823.93
Shareholders equity total357.89369.77332.38352.32369.49
Balance sheet total (assets)423.55441.78414.95413.57438.58
Net debt- 233.74- 243.84
Profitability
EBIT-%-3.3 %-12.4 %-4.0 %7.4 %5.5 %
ROA-0.4 %-1.7 %-1.2 %6.4 %6.5 %
ROE4.8 %2.8 %-9.8 %6.8 %6.8 %
ROI-0.4 %-1.7 %-1.2 %6.7 %7.1 %
Economic value added (EVA)-21.58-25.30-23.77-10.30-15.39
Solvency
Equity ratio100.0 %100.0 %100.0 %85.2 %84.2 %
Gearing3.5 %6.3 %
Relative net indebtedness %-207.1 %-292.6 %
Liquidity
Quick ratio5.65.1
Current ratio5.65.1
Cash and cash equivalents246.10267.01
Capital use efficiency
Trade debtors turnover (days)39.744.8
Net working capital %9.2 %-19.6 %
Credit risk
Credit ratingBBBBBBBBBAAAAAA

Variable visualization

ROA:6.53%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:84.2%
Rating: 64/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Chief executive officer
Board member

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