Kvistgaard Leth Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Kvistgaard Leth Holding ApS
Kvistgaard Leth Holding ApS (CVR number: 21034770K) is a company from THISTED. The company recorded a gross profit of 37 mDKK in 2023. The operating profit was 25.2 mDKK, while net earnings were 18.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.6 %, which can be considered good but Return on Equity (ROE) was 21 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 49.3 %, 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. Kvistgaard Leth Holding ApS's liquidity measured by quick ratio was 1.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 28 612.00 | 18 013.00 | 14 943.00 | 33 035.50 | 36 963.81 |
EBIT | 19 930.00 | 10 264.00 | 6 684.00 | 23 690.21 | 25 158.74 |
Net earnings | 15 106.00 | 7 287.00 | 4 772.00 | 17 911.32 | 18 601.94 |
Shareholders equity total | 66 976.00 | 75 175.00 | 74 897.00 | 90 248.20 | 103 666.58 |
Balance sheet total (assets) | 112 852.00 | 138 736.00 | 154 549.00 | 190 149.40 | 216 159.94 |
Net debt | -4 436.66 | 374.67 | |||
Profitability | |||||
EBIT-% | |||||
ROA | 19.6 % | 8.2 % | 4.6 % | 14.0 % | 12.6 % |
ROE | 24.7 % | 10.3 % | 6.4 % | 22.7 % | 21.0 % |
ROI | 22.3 % | 8.2 % | 4.6 % | 16.3 % | 17.1 % |
Economic value added (EVA) | 17 827.05 | 6 898.46 | 2 906.46 | 14 701.47 | 15 990.42 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 51.6 % | 49.3 % |
Gearing | 34.1 % | 31.4 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.3 | 1.8 | |||
Current ratio | 1.8 | 1.7 | |||
Cash and cash equivalents | 35 240.41 | 32 193.33 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | AAA | AAA |
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