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Erik Larsen & Søn Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Erik Larsen & Søn Holding ApS
Erik Larsen & Søn Holding ApS (CVR number: 38517546) is a company from GLOSTRUP. The company recorded a gross profit of -228.6 kDKK in 2024. The operating profit was -228.6 kDKK, while net earnings were 1039.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak but Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 68.2 %, 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. Erik Larsen & Søn Holding ApS'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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -15.00 | -17.11 | -32.10 | -26.00 | - 228.57 |
| EBIT | -15.00 | -17.11 | -32.10 | -26.00 | - 228.57 |
| Net earnings | -12.37 | -13.71 | 3 974.77 | 11 470.81 | 1 039.65 |
| Shareholders equity total | 7 952.28 | 7 882.06 | 11 799.64 | 23 211.55 | 24 190.20 |
| Balance sheet total (assets) | 7 967.28 | 13 378.88 | 26 743.75 | 35 109.51 | 35 444.08 |
| Net debt | -87.27 | 5 455.13 | 8 901.78 | 5 576.77 | 3 516.31 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -0.2 % | -0.2 % | 19.8 % | 37.7 % | 3.9 % |
| ROE | -0.2 % | -0.2 % | 40.4 % | 65.5 % | 4.4 % |
| ROI | -0.2 % | -0.2 % | 23.3 % | 47.1 % | 3.4 % |
| Economic value added (EVA) | - 414.70 | - 412.95 | - 695.31 | -1 060.60 | -1 620.06 |
| Solvency | |||||
| Equity ratio | 99.8 % | 58.9 % | 44.1 % | 66.1 % | 68.2 % |
| Gearing | 69.2 % | 75.5 % | 24.2 % | 17.0 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 6.3 | 1.0 | 0.8 | 1.7 | 1.8 |
| Current ratio | 6.3 | 1.0 | 0.8 | 1.7 | 1.8 |
| Cash and cash equivalents | 87.27 | 0.68 | 1.33 | 40.20 | 600.66 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | BBB | BBB | BBB |
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