LARS MILLGAARD HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About LARS MILLGAARD HOLDING ApS
LARS MILLGAARD HOLDING ApS (CVR number: 31427177) is a company from FURESØ. The company recorded a gross profit of -282.1 kDKK in 2023. The operating profit was -282.1 kDKK, while net earnings were -1336.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.4 %, which can be considered poor and Return on Equity (ROE) was -24 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 53.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. LARS MILLGAARD HOLDING ApS'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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -36.76 | -47.77 | -48.22 | -25.70 | - 282.05 |
EBIT | -36.76 | -47.77 | -48.22 | -25.70 | - 282.05 |
Net earnings | 903.88 | 968.59 | 1 323.14 | 216.58 | -1 336.34 |
Shareholders equity total | 6 925.29 | 4 991.45 | 6 201.60 | 6 303.78 | 4 849.63 |
Balance sheet total (assets) | 6 940.28 | 5 024.44 | 12 984.58 | 11 736.76 | 9 053.07 |
Net debt | -4 392.21 | -1 494.48 | 4 521.23 | 4 440.61 | 1 461.92 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.4 % | 16.5 % | 15.4 % | 4.3 % | -9.4 % |
ROE | 13.8 % | 16.3 % | 23.6 % | 3.5 % | -24.0 % |
ROI | 14.5 % | 16.6 % | 15.5 % | 4.3 % | -9.4 % |
Economic value added (EVA) | 61.87 | 2.62 | -21.79 | 32.24 | - 290.94 |
Solvency | |||||
Equity ratio | 99.8 % | 99.3 % | 47.8 % | 53.7 % | 53.6 % |
Gearing | 0.1 % | 0.1 % | 108.9 % | 85.7 % | 86.1 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 312.2 | 46.2 | 1.8 | 1.8 | 1.3 |
Current ratio | 312.2 | 46.2 | 1.8 | 1.8 | 1.3 |
Cash and cash equivalents | 4 396.05 | 1 498.32 | 2 232.61 | 963.23 | 2 712.38 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | A | A | BBB |
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