Langelands Boligudlejning ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Langelands Boligudlejning ApS
Langelands Boligudlejning ApS (CVR number: 38409506) is a company from LANGELAND. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a growth of 2.4 % compared to the previous year. The operating profit percentage was at 50.2 % (EBIT: 0.1 mDKK), while net earnings were 59 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.9 %, which can be considered decent but Return on Equity (ROE) was 19.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 21.5 %, 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. Langelands Boligudlejning ApS's liquidity measured by quick ratio was 8.9 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 177.60 | 177.60 | 177.60 | 177.60 | 181.80 |
Gross profit | 97.95 | 87.33 | 110.47 | 118.35 | 98.56 |
EBIT | 92.20 | 78.59 | 104.73 | 112.31 | 91.34 |
Net earnings | 46.95 | 13.36 | 70.69 | 74.58 | 58.96 |
Shareholders equity total | 173.79 | 187.15 | 257.84 | 332.42 | 273.57 |
Balance sheet total (assets) | 950.02 | 1 295.09 | 1 345.73 | 1 360.89 | 1 275.26 |
Net debt | 460.13 | 449.13 | 346.70 | 279.82 | 313.79 |
Profitability | |||||
EBIT-% | 51.9 % | 44.2 % | 59.0 % | 63.2 % | 50.2 % |
ROA | 9.9 % | 7.0 % | 7.9 % | 8.3 % | 6.9 % |
ROE | 31.2 % | 7.4 % | 31.8 % | 25.3 % | 19.5 % |
ROI | 10.8 % | 7.5 % | 8.4 % | 8.8 % | 7.3 % |
Economic value added (EVA) | 29.57 | 16.80 | 48.03 | 52.74 | 31.94 |
Solvency | |||||
Equity ratio | 18.3 % | 14.5 % | 19.2 % | 24.4 % | 21.5 % |
Gearing | 398.3 % | 556.6 % | 389.8 % | 291.4 % | 340.8 % |
Relative net indebtedness % | 306.4 % | 290.2 % | 241.8 % | 191.2 % | 210.8 % |
Liquidity | |||||
Quick ratio | 2.8 | 8.9 | 8.0 | 11.5 | 8.9 |
Current ratio | 2.8 | 8.9 | 8.0 | 11.5 | 8.9 |
Cash and cash equivalents | 232.14 | 592.48 | 658.40 | 688.83 | 618.48 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 83.4 % | 296.3 % | 324.1 % | 354.2 % | 302.0 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | BBB |
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