LOWENCO A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About LOWENCO A/S
LOWENCO A/S (CVR number: 34582424) is a company from KOLDING. The company recorded a gross profit of 46 mDKK in 2023. The operating profit was 7825 kDKK, while net earnings were 2435 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent but Return on Equity (ROE) was 8.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 22.6 %, 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. LOWENCO A/S's liquidity measured by quick ratio was 0.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 13 027.00 | 85 981.00 | 113 568.00 | 46 681.00 | 45 969.00 |
EBIT | 13 027.00 | 85 981.00 | 113 568.00 | 5 823.00 | 7 825.00 |
Net earnings | 1 726.00 | 48 910.00 | 62 170.00 | 3 399.00 | 2 435.00 |
Shareholders equity total | 14 660.00 | 58 919.00 | 53 957.00 | 27 797.00 | 30 232.00 |
Balance sheet total (assets) | 28 367.00 | 130 091.00 | 105 813.00 | 92 214.00 | 133 606.00 |
Net debt | 13 808.00 | 64 710.00 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 43.6 % | 108.5 % | 96.3 % | 6.0 % | 7.0 % |
ROE | 12.5 % | 132.9 % | 110.2 % | 8.3 % | 8.4 % |
ROI | 51.3 % | 108.5 % | 96.3 % | 7.3 % | 10.0 % |
Economic value added (EVA) | 12 706.00 | 85 244.34 | 110 607.32 | 1 686.97 | 3 183.26 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 31.1 % | 22.6 % |
Gearing | 51.6 % | 214.6 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.6 | 0.8 | |||
Current ratio | 1.6 | 2.1 | |||
Cash and cash equivalents | 539.00 | 157.00 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | A |
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