Jens Chr. Larsen ApS

CVR number: 29835241

Industriparken 44 A, 2750 Ballerup

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Credit rating

Credit rating: C

How is our credit rating calculated?

2 / 100

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About the company

Jens Chr. Larsen ApS (CVR number: 29835241) is a company from BALLERUP. The company recorded a gross profit of 310.4 kDKK in 2023. The operating profit was -283.9 kDKK, while net earnings were -231.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -45.3 %, which can be considered poor and Return on Equity (ROE) was -71.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -20.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Jens Chr. Larsen ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

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Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

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	2019	2020	2021	2022	2023
Volume
Net sales
Gross profit	32.00	185.93	675.93	596.86	310.37
EBIT	32.00	20.98	67.61	- 278.81	- 283.86
Net earnings	18.00	14.85	50.64	- 224.85	- 231.79
Shareholders equity total	147.71	162.56	308.18	83.33	- 148.46
Balance sheet total (assets)	276.50	396.76	835.75	538.07	567.88
Net debt	-32.48	-28.60	38.94	-88.10	-46.84
Profitability
EBIT-%
ROA	8.0 %	6.2 %	11.0 %	-40.6 %	-45.3 %
ROE	6.3 %	9.6 %	21.5 %	-114.9 %	-71.2 %
ROI	11.3 %	13.3 %	24.5 %	-119.8 %	-681.3 %
Economic value added (EVA)	4.70	10.55	45.87	- 231.81	- 221.66
Solvency
Equity ratio	53.4 %	41.0 %	36.9 %	15.5 %	-20.7 %
Gearing		3.7 %	24.0 %
Relative net indebtedness %
Liquidity
Quick ratio	2.1	1.7	1.6	1.2	0.8
Current ratio	2.1	1.7	1.6	1.2	0.8
Cash and cash equivalents	32.48	34.68	35.15	88.10	46.84
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit rating	BB	B	B	B	C