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LEO SØNDERGÅRD LARSEN RACING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LEO SØNDERGÅRD LARSEN RACING ApS
LEO SØNDERGÅRD LARSEN RACING ApS (CVR number: 35034501) is a company from HERNING. The company recorded a gross profit of -4.3 kDKK in 2025. The operating profit was -16.9 kDKK, while net earnings were -9.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.6 %, which can be considered poor and Return on Equity (ROE) was -1.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 45 %, 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. LEO SØNDERGÅRD LARSEN RACING 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 55.18 | 254.49 | -22.48 | 95.20 | -4.28 |
| EBIT | -26.81 | 185.64 | -91.33 | 86.50 | -16.91 |
| Net earnings | -32.95 | 104.56 | -50.90 | 93.66 | -9.33 |
| Shareholders equity total | 551.75 | 656.31 | 605.41 | 699.07 | 689.74 |
| Balance sheet total (assets) | 2 836.26 | 2 946.44 | 1 959.17 | 1 536.73 | 1 532.55 |
| Net debt | 1 031.65 | 927.87 | 732.16 | 423.81 | 243.34 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -1.0 % | 6.4 % | -3.7 % | 4.9 % | -0.6 % |
| ROE | -5.8 % | 17.3 % | -8.1 % | 14.4 % | -1.3 % |
| ROI | -1.0 % | 6.5 % | -3.7 % | 5.0 % | -0.7 % |
| Economic value added (EVA) | - 148.29 | 44.50 | - 211.79 | -35.92 | -86.90 |
| Solvency | |||||
| Equity ratio | 19.5 % | 22.3 % | 30.9 % | 45.5 % | 45.0 % |
| Gearing | 409.0 % | 345.6 % | 219.9 % | 113.2 % | 115.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.6 | 0.6 | 0.5 | 0.5 | 0.7 |
| Current ratio | 1.2 | 1.2 | 1.4 | 1.8 | 1.7 |
| Cash and cash equivalents | 1 225.22 | 1 340.11 | 599.30 | 367.43 | 552.43 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | BBB | A | BBB |
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