J. LARSEN HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About J. LARSEN HOLDING ApS
J. LARSEN HOLDING ApS (CVR number: 27432808) is a company from KALUNDBORG. The company reported a net sales of 2 mDKK in 2023, demonstrating a decline of -9.9 % compared to the previous year. The operating profit percentage was at 98.7 % (EBIT: 2 mDKK), while net earnings were 1616.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.9 %, which can be considered good but Return on Equity (ROE) was 27.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.6 %, 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. J. LARSEN HOLDING ApS's liquidity measured by quick ratio was 0.7 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | - 219.20 | 2 246.72 | 2 024.72 | ||
Gross profit | -26.59 | -30.72 | - 243.22 | 2 207.60 | 1 998.10 |
EBIT | -26.59 | -30.72 | - 243.22 | 1 990.95 | 1 998.10 |
Net earnings | -2 922.77 | - 747.47 | -50.55 | 1 646.50 | 1 616.46 |
Shareholders equity total | 4 643.98 | 3 785.91 | 3 622.37 | 5 154.47 | 6 653.13 |
Balance sheet total (assets) | 4 770.73 | 10 508.17 | 12 768.11 | 15 828.83 | 18 180.26 |
Net debt | - 469.85 | 6 058.61 | 7 522.69 | 9 061.15 | 10 414.13 |
Profitability | |||||
EBIT-% | 88.6 % | 98.7 % | |||
ROA | -45.4 % | -9.3 % | 0.1 % | 13.9 % | 11.9 % |
ROE | -47.5 % | -17.7 % | -1.4 % | 37.5 % | 27.4 % |
ROI | -45.5 % | -9.4 % | 0.1 % | 14.7 % | 12.4 % |
Economic value added (EVA) | 138.98 | 63.39 | 136.92 | 2 682.35 | 2 797.47 |
Solvency | |||||
Equity ratio | 97.3 % | 36.0 % | 28.4 % | 32.6 % | 36.6 % |
Gearing | 2.3 % | 176.3 % | 233.9 % | 190.5 % | 166.3 % |
Relative net indebtedness % | -3738.9 % | 441.4 % | 537.1 % | ||
Liquidity | |||||
Quick ratio | 5.3 | 6.6 | 1.6 | 0.5 | 0.7 |
Current ratio | 5.3 | 6.6 | 1.6 | 0.5 | 0.7 |
Cash and cash equivalents | 577.85 | 615.73 | 950.22 | 756.52 | 652.70 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 118.8 % | -137.3 % | -70.8 % | ||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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