DK-LATVIA FARMING A/S — Credit Rating and Financial Key Figures

CVR number: 10078350
Tingskovparken 9, 8310 Tranbjerg J

Credit rating

Company information

Official name
DK-LATVIA FARMING A/S
Personnel
1 person
Established
2001
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About DK-LATVIA FARMING A/S

DK-LATVIA FARMING A/S (CVR number: 10078350) is a company from AARHUS. The company recorded a gross profit of -785.9 kDKK in 2023. The operating profit was -785.9 kDKK, while net earnings were 10.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 21.5 %, which can be considered excellent and Return on Equity (ROE) was 26.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.6 %, 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. DK-LATVIA FARMING A/S's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit336.18138.47346.94281.04- 785.95
EBIT18.73- 169.0328.73-34.18- 785.95
Net earnings10 503.157 636.202 641.2119 572.7410 247.95
Shareholders equity total33 574.4941 099.6943 723.7059 962.2418 569.33
Balance sheet total (assets)45 379.1155 712.1558 573.3367 628.4728 758.57
Net debt9 307.8513 345.6613 257.314 924.57-2 683.30
Profitability
EBIT-%
ROA24.9 %16.2 %5.1 %31.6 %21.5 %
ROE33.2 %20.5 %6.2 %37.8 %26.1 %
ROI25.4 %16.5 %5.2 %31.9 %24.2 %
Economic value added (EVA)864.92924.891 493.671 562.37- 844.12
Solvency
Equity ratio95.4 %90.9 %91.3 %88.7 %64.6 %
Gearing32.7 %33.8 %32.4 %11.9 %
Relative net indebtedness %
Liquidity
Quick ratio3.714.516.01.41.1
Current ratio3.714.516.01.41.1
Cash and cash equivalents1 681.22546.63912.822 230.112 683.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:21.5%
Rating: 76/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.6%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

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