OLE LARSEN TRANSPORT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About OLE LARSEN TRANSPORT A/S
OLE LARSEN TRANSPORT A/S (CVR number: 25483863) is a company from AARHUS. The company reported a net sales of 334.1 mDKK in 2024, demonstrating a decline of -13.8 % compared to the previous year. The operating profit percentage was at 1.9 % (EBIT: 6.2 mDKK), while net earnings were 5641.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.6 %, which can be considered decent but Return on Equity (ROE) was 14.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 38.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. OLE LARSEN TRANSPORT A/S's liquidity measured by quick ratio was 1.8 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 338.04 | 404.93 | 445.51 | 387.73 | 334.14 |
Gross profit | 186.61 | 204.71 | 212.11 | 201.98 | 182.06 |
EBIT | 9.12 | 1.36 | 1.08 | 4.20 | 6.24 |
Net earnings | 8.25 | 0.93 | 1.08 | 3.63 | 5.64 |
Shareholders equity total | 33.81 | 32.74 | 33.82 | 37.29 | 41.38 |
Balance sheet total (assets) | 111.85 | 117.63 | 107.73 | 116.99 | 106.87 |
Net debt | 10.49 | 3.93 | |||
Profitability | |||||
EBIT-% | 2.7 % | 0.3 % | 0.2 % | 1.1 % | 1.9 % |
ROA | 9.2 % | 1.2 % | 1.0 % | 5.3 % | 7.6 % |
ROE | 27.3 % | 2.8 % | 3.3 % | 10.2 % | 14.3 % |
ROI | 12.4 % | 1.2 % | 1.0 % | 7.0 % | 14.2 % |
Economic value added (EVA) | 7.35 | -0.33 | -0.57 | 1.54 | 2.32 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 31.9 % | 38.8 % |
Gearing | 29.8 % | 10.2 % | |||
Relative net indebtedness % | 20.2 % | 19.0 % | |||
Liquidity | |||||
Quick ratio | 1.6 | 1.8 | |||
Current ratio | 1.6 | 1.8 | |||
Cash and cash equivalents | 0.63 | 0.28 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 65.4 | 74.0 | |||
Net working capital % | 10.1 % | 12.6 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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