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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 -32.7 kDKK in 2024. The operating profit was -32.7 kDKK, while net earnings were -180.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0 %, which can be considered weak but Return on Equity (ROE) was -3.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.9 %, 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. LARS MILLGAARD HOLDING ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -47.77 | -48.22 | -25.70 | - 282.05 | -32.67 |
| EBIT | -47.77 | -48.22 | -25.70 | - 282.05 | -32.67 |
| Net earnings | 968.59 | 1 323.14 | 216.58 | -1 336.34 | - 180.31 |
| Shareholders equity total | 4 991.45 | 6 201.60 | 6 303.78 | 4 849.63 | 4 547.33 |
| Balance sheet total (assets) | 5 024.44 | 12 984.58 | 11 736.76 | 9 053.07 | 7 344.73 |
| Net debt | -1 494.48 | 4 521.23 | 4 440.61 | 1 461.92 | 1 259.92 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 16.5 % | 15.4 % | 4.3 % | -9.4 % | 0.0 % |
| ROE | 16.3 % | 23.6 % | 3.5 % | -24.0 % | -3.8 % |
| ROI | 16.6 % | 15.5 % | 4.3 % | -9.4 % | 0.0 % |
| Economic value added (EVA) | - 395.95 | - 299.23 | - 676.71 | - 870.36 | - 486.12 |
| Solvency | |||||
| Equity ratio | 99.3 % | 47.8 % | 53.7 % | 53.6 % | 61.9 % |
| Gearing | 0.1 % | 108.9 % | 85.7 % | 86.1 % | 60.9 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 46.2 | 1.8 | 1.8 | 1.3 | 0.7 |
| Current ratio | 46.2 | 1.8 | 1.8 | 1.3 | 0.7 |
| Cash and cash equivalents | 1 498.32 | 2 232.61 | 963.23 | 2 712.38 | 1 508.35 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | AA | A | A | BBB | BBB |
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