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Lars Hinge VVS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Lars Hinge VVS ApS
Lars Hinge VVS ApS (CVR number: 41400404) is a company from AARHUS. The company recorded a gross profit of 517.4 kDKK in 2024. The operating profit was -8.3 kDKK, while net earnings were -8.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.8 %, which can be considered poor and Return on Equity (ROE) was -3.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 59.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Lars Hinge VVS ApS's liquidity measured by quick ratio was 2.1 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 | 474.63 | 538.24 | 577.13 | 519.04 | 517.35 |
| EBIT | 95.46 | 91.13 | 110.03 | 29.96 | -8.34 |
| Net earnings | 70.56 | 66.64 | 81.16 | 26.83 | -8.63 |
| Shareholders equity total | 110.56 | 177.20 | 258.36 | 285.19 | 276.56 |
| Balance sheet total (assets) | 439.04 | 263.92 | 461.19 | 476.68 | 467.09 |
| Net debt | 25.79 | - 137.46 | - 328.50 | - 158.28 | - 114.22 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 21.7 % | 25.9 % | 30.3 % | 6.5 % | -1.8 % |
| ROE | 63.8 % | 46.3 % | 37.3 % | 9.9 % | -3.1 % |
| ROI | 59.3 % | 52.1 % | 48.0 % | 10.7 % | -2.9 % |
| Economic value added (EVA) | 73.61 | 60.01 | 72.87 | 13.00 | -21.97 |
| Solvency | |||||
| Equity ratio | 25.2 % | 67.1 % | 56.0 % | 59.8 % | 59.2 % |
| Gearing | 45.6 % | 6.4 % | 4.4 % | 4.0 % | 4.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.2 | 2.8 | 2.6 | 2.4 | 2.1 |
| Current ratio | 1.2 | 2.8 | 2.6 | 2.8 | 2.5 |
| Cash and cash equivalents | 24.65 | 148.84 | 339.88 | 169.66 | 125.60 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BBB | BBB | BBB |
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