V.S. Larsen Malerne A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About V.S. Larsen Malerne A/S
V.S. Larsen Malerne A/S (CVR number: 17846833K) is a company from GLADSAXE. The company recorded a gross profit of 49 mDKK in 2022. The operating profit was -83.3 kDKK, while net earnings were 2013.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was 33.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.2 %, 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. V.S. Larsen Malerne A/S's liquidity measured by quick ratio was 1.2 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 84 909.70 | ||||
Gross profit | 22 123.18 | 49 837.29 | 49 592.80 | 43 002.62 | 48 989.62 |
EBIT | -2 236.38 | -3 057.39 | -3 388.22 | -1 754.23 | -83.33 |
Net earnings | -1 956.20 | -2 715.07 | -3 467.72 | -1 066.76 | 2 013.44 |
Shareholders equity total | 2 829.26 | 5 114.19 | 5 046.48 | 5 079.72 | 7 093.16 |
Balance sheet total (assets) | 33 859.88 | 41 143.95 | 27 217.80 | 25 728.71 | 35 096.15 |
Net debt | 14 919.14 | 16 180.20 | -4 625.33 | - 575.49 | 8 044.36 |
Profitability | |||||
EBIT-% | -2.6 % | ||||
ROA | -4.7 % | -8.4 % | -11.6 % | -5.5 % | 7.4 % |
ROE | -51.4 % | -68.4 % | -68.3 % | -21.1 % | 33.1 % |
ROI | -9.0 % | -15.9 % | -24.5 % | -17.9 % | 21.1 % |
Economic value added (EVA) | -2 230.66 | -2 263.53 | -2 789.88 | -1 235.22 | - 216.32 |
Solvency | |||||
Equity ratio | 8.4 % | 12.4 % | 18.5 % | 19.7 % | 20.2 % |
Gearing | 527.9 % | 316.9 % | 113.6 % | ||
Relative net indebtedness % | 36.4 % | ||||
Liquidity | |||||
Quick ratio | 0.9 | 1.0 | 1.3 | 1.0 | 1.2 |
Current ratio | 0.9 | 1.0 | 1.4 | 1.1 | 1.2 |
Cash and cash equivalents | 15.81 | 28.17 | 4 625.33 | 575.49 | 12.39 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 80.4 | ||||
Net working capital % | -4.2 % | ||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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