LARS CORNELSEN HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 26052971
Landevejen 105, 5642 Millinge
tel: 62682902

Company information

Official name
LARS CORNELSEN HOLDING ApS
Established
2001
Company form
Private limited company
Industry

About LARS CORNELSEN HOLDING ApS

LARS CORNELSEN HOLDING ApS (CVR number: 26052971) is a company from ASSENS. The company recorded a gross profit of 677 kDKK in 2023. The operating profit was 306 kDKK, while net earnings were 4876.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.9 %, which can be considered excellent and Return on Equity (ROE) was 19.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 92.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. LARS CORNELSEN HOLDING ApS's liquidity measured by quick ratio was 5.8 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit636.00596.00717.00585.00676.98
EBIT158.0040.00- 317.00128.00305.95
Net earnings2 529.002 707.001 363.001 985.004 876.16
Shareholders equity total18 171.0020 768.0022 017.0023 887.0027 263.26
Balance sheet total (assets)20 719.0024 491.0023 617.0026 100.0029 577.42
Net debt-4.002 011.00- 568.00-3 462.00-3 300.62
Profitability
EBIT-%
ROA13.5 %12.2 %6.0 %8.6 %17.9 %
ROE14.9 %13.9 %6.4 %8.6 %19.1 %
ROI13.8 %12.6 %6.1 %8.7 %18.4 %
Economic value added (EVA)- 244.51- 389.57-1 016.62- 601.19- 373.12
Solvency
Equity ratio87.7 %84.8 %93.2 %91.5 %92.2 %
Gearing8.9 %14.5 %5.5 %6.6 %4.1 %
Relative net indebtedness %
Liquidity
Quick ratio2.50.915.36.85.8
Current ratio2.50.915.36.85.8
Cash and cash equivalents1 622.00991.001 777.005 050.004 407.70
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:17.9%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:92.2%
Rating: 73/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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