OTTO LARSEN HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About OTTO LARSEN HOLDING A/S
OTTO LARSEN HOLDING A/S (CVR number: 26789206) is a company from SILKEBORG. The company recorded a gross profit of 1393.4 kDKK in 2023. The operating profit was -1299 kDKK, while net earnings were 4923.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.5 %, which can be considered good and Return on Equity (ROE) was 8.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 77.2 %, 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. OTTO LARSEN HOLDING A/S's liquidity measured by quick ratio was 47 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 | 1 665.48 | 1 394.66 | 1 449.45 | 1 393.43 | |
EBIT | 588.98 | 238.71 | - 231.85 | -1 299.00 | |
Net earnings | 2 689.63 | 8 554.08 | 36 305.66 | 4 923.06 | |
Shareholders equity total | 19 548.46 | 31 496.65 | 61 802.30 | 54 725.36 | |
Balance sheet total (assets) | 38 376.98 | 48 347.74 | 81 811.70 | 70 875.29 | |
Net debt | - 710.45 | - 899.76 | -39 939.81 | -33 189.96 | |
Profitability | |||||
EBIT-% | |||||
ROA | 22.3 % | 22.3 % | 59.1 % | 11.5 % | |
ROE | 13.7 % | 27.2 % | 77.8 % | 8.4 % | |
ROI | 9.4 % | 24.7 % | 61.4 % | 10.5 % | |
Economic value added (EVA) | 608.73 | 120.49 | 269.91 | - 383.05 | -2 023.69 |
Solvency | |||||
Equity ratio | 50.9 % | 65.1 % | 75.5 % | 77.2 % | |
Gearing | 52.2 % | 34.9 % | 24.2 % | 23.5 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.2 | 4.2 | 23.7 | 47.0 | |
Current ratio | 1.2 | 4.2 | 23.7 | 47.0 | |
Cash and cash equivalents | 10 920.35 | 11 882.72 | 54 898.87 | 46 051.53 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | A | AA |
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