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ERLING HOLMLUND ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About ERLING HOLMLUND ApS
ERLING HOLMLUND ApS (CVR number: 26488818) is a company from AARHUS. The company recorded a gross profit of -14.8 kDKK in 2024. The operating profit was -14.8 kDKK, while net earnings were -39.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.6 %, which can be considered weak but Return on Equity (ROE) was -2.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. ERLING HOLMLUND ApS's liquidity measured by quick ratio was 3.1 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 | -8.17 | -8.22 | -7.81 | -11.52 | -14.77 |
| EBIT | -8.17 | -8.22 | -7.81 | -11.52 | -14.77 |
| Net earnings | 160.69 | -74.53 | 90.79 | 141.76 | -39.45 |
| Shareholders equity total | 1 807.56 | 1 676.53 | 1 652.72 | 1 676.68 | 1 515.24 |
| Balance sheet total (assets) | 2 059.04 | 2 295.04 | 2 258.28 | 2 182.02 | 2 029.04 |
| Net debt | - 937.06 | - 570.37 | - 568.15 | - 627.14 | -1 045.00 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 10.6 % | 8.2 % | 5.6 % | 13.3 % | 0.6 % |
| ROE | 9.2 % | -4.3 % | 5.5 % | 8.5 % | -2.5 % |
| ROI | 10.8 % | 8.3 % | 5.7 % | 13.5 % | 0.6 % |
| Economic value added (EVA) | -99.56 | - 108.56 | - 120.44 | - 121.88 | - 118.49 |
| Solvency | |||||
| Equity ratio | 87.8 % | 73.0 % | 73.2 % | 76.8 % | 74.7 % |
| Gearing | 12.3 % | 35.8 % | 36.1 % | 27.3 % | 33.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 4.8 | 2.0 | 2.1 | 2.5 | 3.1 |
| Current ratio | 4.8 | 2.0 | 2.1 | 2.5 | 3.1 |
| Cash and cash equivalents | 1 159.52 | 1 170.29 | 1 165.21 | 1 084.47 | 1 545.58 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | BBB | BBB | BBB |
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