KAJ LARSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KAJ LARSEN A/S
KAJ LARSEN A/S (CVR number: 53912419) is a company from ODSHERRED. The company reported a net sales of 124.6 mDKK in 2023, demonstrating a decline of -46.7 % compared to the previous year. The operating profit percentage was at 1.3 % (EBIT: 1.7 mDKK), while net earnings were 382.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 2.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 27.9 %, 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. KAJ LARSEN A/S's liquidity measured by quick ratio was 1.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 73.19 | 102.18 | 125.76 | 233.76 | 124.63 |
Gross profit | 29.21 | 39.51 | 53.32 | 77.37 | 53.26 |
EBIT | 5.15 | 5.99 | 7.98 | 17.99 | 1.67 |
Net earnings | 3.15 | 3.61 | 5.44 | 13.07 | 0.38 |
Shareholders equity total | 10.12 | 14.33 | 10.28 | 20.45 | 13.33 |
Balance sheet total (assets) | 31.41 | 48.88 | 56.14 | 74.72 | 50.07 |
Net debt | 4.08 | 2.66 | 15.70 | -7.54 | -3.30 |
Profitability | |||||
EBIT-% | 7.0 % | 5.9 % | 6.3 % | 7.7 % | 1.3 % |
ROA | 16.1 % | 14.9 % | 15.6 % | 28.4 % | 3.2 % |
ROE | 32.9 % | 29.5 % | 44.2 % | 85.1 % | 2.3 % |
ROI | 30.1 % | 27.5 % | 26.8 % | 55.4 % | 6.7 % |
Economic value added (EVA) | 3.34 | 3.98 | 5.87 | 13.50 | 0.73 |
Solvency | |||||
Equity ratio | 32.2 % | 29.3 % | 18.3 % | 27.4 % | 27.9 % |
Gearing | 44.6 % | 48.7 % | 152.9 % | 26.9 % | 38.8 % |
Relative net indebtedness % | 27.4 % | 28.6 % | 35.5 % | 17.0 % | 21.4 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.2 | 1.0 | 1.2 | 1.1 |
Current ratio | 1.4 | 1.3 | 1.1 | 1.4 | 1.2 |
Cash and cash equivalents | 0.43 | 4.32 | 0.02 | 13.05 | 8.47 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 52.9 | 40.3 | 62.3 | 29.2 | 38.8 |
Net working capital % | 8.4 % | 6.5 % | 3.0 % | 6.2 % | 4.3 % |
Credit risk | |||||
Credit rating | A | AA | A | A | A |
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