Art Barns Lolland-fonden — Credit Rating and Financial Key Figures
Credit rating
Company information
About Art Barns Lolland-fonden
Art Barns Lolland-fonden (CVR number: 42263036) is a company from LOLLAND. The company reported a net sales of 1.2 mDKK in 2023, demonstrating a decline of -37 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 0 mDKK), while net earnings were 0.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.1 %, which can be considered weak and Return on Equity (ROE) was 0.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 29.3 %, 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. Art Barns Lolland-fonden's liquidity measured by quick ratio was 2.5 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 financials2021 | 2022 | 2023 | |
---|---|---|---|
Volume | |||
Net sales | 620.00 | 1 930.00 | 1 215.00 |
Gross profit | 514.38 | 949.85 | 963.57 |
EBIT | 6.37 | 76.29 | 23.82 |
Net earnings | 0.91 | 66.36 | 0.62 |
Shareholders equity total | 300.91 | 367.26 | 367.88 |
Balance sheet total (assets) | 1 191.09 | 1 046.60 | 1 254.68 |
Net debt | - 590.49 | - 443.48 | - 650.70 |
Profitability | |||
EBIT-% | 1.0 % | 4.0 % | 2.0 % |
ROA | 0.5 % | 6.8 % | 2.1 % |
ROE | 0.3 % | 19.9 % | 0.2 % |
ROI | 2.1 % | 22.8 % | 6.5 % |
Economic value added (EVA) | 6.37 | 90.85 | 27.65 |
Solvency | |||
Equity ratio | 25.3 % | 35.1 % | 29.3 % |
Gearing | |||
Relative net indebtedness % | 48.3 % | 12.2 % | 19.4 % |
Liquidity | |||
Quick ratio | 1.2 | 5.8 | 2.5 |
Current ratio | 1.2 | 5.8 | 2.5 |
Cash and cash equivalents | 590.49 | 443.48 | 650.70 |
Capital use efficiency | |||
Trade debtors turnover (days) | |||
Net working capital % | 16.3 % | 19.3 % | 32.4 % |
Credit risk | |||
Credit rating | BBB | BBB | BB |
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