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 1305.7 kDKK in 2024. The operating profit was -2196.1 kDKK, while net earnings were 2839.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.8 %, which can be considered good but Return on Equity (ROE) was 5.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 78.6 %, 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 36.3 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 394.66 | 1 449.45 | 1 393.43 | 1 305.74 | |
| EBIT | 238.71 | - 231.85 | -1 299.00 | -2 196.09 | |
| Net earnings | 8 554.08 | 36 305.66 | 4 923.06 | 2 839.34 | |
| Shareholders equity total | 31 496.65 | 61 802.30 | 54 725.36 | 53 564.70 | |
| Balance sheet total (assets) | 48 347.74 | 81 811.70 | 70 875.29 | 68 173.02 | |
| Net debt | - 899.76 | -39 939.81 | -33 189.96 | -31 527.51 | |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 22.3 % | 59.1 % | 11.5 % | 14.8 % | |
| ROE | 27.2 % | 77.8 % | 8.4 % | 5.2 % | |
| ROI | 24.7 % | 61.4 % | 10.5 % | 13.6 % | |
| Economic value added (EVA) | -1 611.65 | 269.91 | -2 392.68 | -4 974.63 | -5 110.40 |
| Solvency | |||||
| Equity ratio | 65.1 % | 75.5 % | 77.2 % | 78.6 % | |
| Gearing | 34.9 % | 24.2 % | 23.5 % | 23.0 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 4.2 | 23.7 | 47.0 | 36.3 | |
| Current ratio | 4.2 | 23.7 | 47.0 | 36.3 | |
| Cash and cash equivalents | 11 882.72 | 54 898.87 | 46 051.53 | 43 836.62 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A |
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