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TVEDE LARSEN HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TVEDE LARSEN HOLDING ApS
TVEDE LARSEN HOLDING ApS (CVR number: 31161096K) is a company from AABENRAA. The company recorded a gross profit of 120.7 mDKK in 2024. The operating profit was 12.7 mDKK, while net earnings were 7050 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good but Return on Equity (ROE) was 23 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 24.9 %, 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. TVEDE LARSEN HOLDING ApS's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 77 063.00 | 79 493.00 | 101 741.00 | 112 700.00 | 120 667.00 |
| EBIT | 7 515.00 | - 689.00 | 9 031.00 | 7 543.00 | 12 660.00 |
| Net earnings | 4 789.00 | -2 168.00 | 5 162.00 | 4 955.00 | 7 050.00 |
| Shareholders equity total | 33 299.00 | 28 817.00 | 34 064.00 | 37 365.00 | 42 640.00 |
| Balance sheet total (assets) | 130 850.00 | 129 982.00 | 158 123.00 | 145 882.00 | 171 205.00 |
| Net debt | 31 238.00 | 30 637.00 | |||
| Profitability | |||||
| EBIT-% | |||||
| ROA | 6.0 % | -0.5 % | 6.3 % | 6.3 % | 8.3 % |
| ROE | 16.2 % | -7.0 % | 16.4 % | 15.7 % | 23.0 % |
| ROI | 6.6 % | -0.5 % | 6.3 % | 6.9 % | 10.1 % |
| Economic value added (EVA) | 2 659.84 | -2 362.27 | 7 582.95 | 3 960.70 | 2 856.35 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 25.6 % | 24.9 % |
| Gearing | 90.6 % | 83.0 % | |||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.8 | 0.8 | |||
| Current ratio | 0.9 | 0.9 | |||
| Cash and cash equivalents | 2 604.00 | 4 733.00 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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