MURERMESTER RENE GODTHÅB LARSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About MURERMESTER RENE GODTHÅB LARSEN A/S
MURERMESTER RENE GODTHÅB LARSEN A/S (CVR number: 26092523) is a company from HERLEV. The company reported a net sales of 59.4 mDKK in 2023, demonstrating a growth of 13.8 % compared to the previous year. The operating profit percentage was at 3.2 % (EBIT: 1.9 mDKK), while net earnings were 1242.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.5 %, which can be considered good but Return on Equity (ROE) was 34.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.2 %, 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. MURERMESTER RENE GODTHÅB LARSEN A/S's liquidity measured by quick ratio was 1.9 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 43.68 | 32.50 | 28.21 | 52.17 | 59.37 |
Gross profit | 4.10 | 5.07 | 1.73 | 6.99 | 7.72 |
EBIT | 1.16 | 2.70 | -0.80 | 1.36 | 1.91 |
Net earnings | 0.82 | 2.01 | -0.72 | 0.94 | 1.24 |
Shareholders equity total | 3.19 | 4.38 | 2.04 | 2.98 | 4.23 |
Balance sheet total (assets) | 7.64 | 10.63 | 6.46 | 14.15 | 19.04 |
Net debt | -2.15 | -3.80 | 1.67 | 1.94 | 6.63 |
Profitability | |||||
EBIT-% | 2.6 % | 8.3 % | -2.8 % | 2.6 % | 3.2 % |
ROA | 15.6 % | 30.4 % | -8.8 % | 13.4 % | 11.5 % |
ROE | 24.8 % | 53.1 % | -22.5 % | 37.5 % | 34.5 % |
ROI | 37.3 % | 72.3 % | -18.3 % | 31.7 % | 24.2 % |
Economic value added (EVA) | 0.72 | 2.01 | -0.68 | 0.85 | 1.24 |
Solvency | |||||
Equity ratio | 41.8 % | 41.2 % | 31.6 % | 21.1 % | 22.2 % |
Gearing | 1.0 % | 0.1 % | 81.9 % | 64.9 % | 156.9 % |
Relative net indebtedness % | 5.1 % | 7.4 % | 15.5 % | 21.4 % | 25.0 % |
Liquidity | |||||
Quick ratio | 1.7 | 1.7 | 2.0 | 1.4 | 1.9 |
Current ratio | 1.7 | 1.7 | 2.0 | 1.4 | 1.9 |
Cash and cash equivalents | 2.18 | 3.80 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 32.8 | 53.2 | 65.6 | 85.4 | 95.7 |
Net working capital % | 6.9 % | 12.6 % | 10.6 % | 7.7 % | 14.9 % |
Credit risk | |||||
Credit rating | BBB | A | BBB | BBB | BBB |
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