LARS BANK & SØN A/S — Credit Rating and Financial Key Figures

LARS BANK & SØN A/S (CVR number: 21627895) is a company from VEJLE. The company recorded a gross profit of 5839.2 kDKK in 2023. The operating profit was 539.7 kDKK, while net earnings were 268.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 8.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 20.4 %, 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. LARS BANK & SØN A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.