CARL RAS, HØRSHOLM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About CARL RAS, HØRSHOLM A/S
CARL RAS, HØRSHOLM A/S (CVR number: 20714638) is a company from GENTOFTE. The company reported a net sales of 38.7 mDKK in 2023, demonstrating a growth of 8 % compared to the previous year. The operating profit percentage was at 44 % (EBIT: 17 mDKK), while net earnings were 17.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11.8 %, which can be considered good but Return on Equity (ROE) was 17.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 48.3 %, 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. CARL RAS, HØRSHOLM A/S'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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 33.92 | 34.12 | 36.26 | 35.81 | 38.68 |
Gross profit | 20.29 | 17.45 | 20.14 | 19.65 | 22.58 |
EBIT | 14.63 | 13.59 | 16.35 | 14.77 | 17.03 |
Net earnings | 11.21 | 13.99 | 17.06 | 16.46 | 17.65 |
Shareholders equity total | 77.69 | 86.62 | 94.03 | 103.15 | 102.36 |
Balance sheet total (assets) | 201.84 | 222.13 | 217.97 | 214.28 | 212.02 |
Net debt | 108.29 | 105.78 | 98.72 | 86.95 | 84.35 |
Profitability | |||||
EBIT-% | 43.1 % | 39.8 % | 45.1 % | 41.2 % | 44.0 % |
ROA | 7.1 % | 8.8 % | 10.1 % | 10.0 % | 11.8 % |
ROE | 14.3 % | 17.0 % | 18.9 % | 16.7 % | 17.2 % |
ROI | 7.1 % | 9.2 % | 10.8 % | 10.5 % | 12.4 % |
Economic value added (EVA) | 1.45 | 4.29 | 7.05 | 5.60 | 7.86 |
Solvency | |||||
Equity ratio | 38.5 % | 39.0 % | 43.1 % | 48.1 % | 48.3 % |
Gearing | 139.4 % | 122.3 % | 105.2 % | 84.3 % | 82.8 % |
Relative net indebtedness % | 331.5 % | 361.6 % | 307.0 % | 275.3 % | 250.5 % |
Liquidity | |||||
Quick ratio | 0.6 | 0.4 | 0.7 | 0.6 | 0.7 |
Current ratio | 0.6 | 0.4 | 0.7 | 0.6 | 0.7 |
Cash and cash equivalents | 0.00 | 0.20 | 0.24 | 0.03 | 0.41 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -34.0 % | -73.3 % | -38.5 % | -44.8 % | -33.0 % |
Credit risk | |||||
Credit rating | AA | AAA | AAA | AAA | AAA |
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