FOLKE LARSENS EFTF.A/S — Credit Rating and Financial Key Figures

CVR number: 10351235
Ejby Industrivej 106, 2600 Glostrup
info@folkelarsen.dk
tel: 43967577
www.folkelarsen.dk

Credit rating

Company information

Official name
FOLKE LARSENS EFTF.A/S
Personnel
24 persons
Established
1986
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About FOLKE LARSENS EFTF.A/S

FOLKE LARSENS EFTF.A/S (CVR number: 10351235) is a company from GLOSTRUP. The company recorded a gross profit of 17.9 mDKK in 2023. The operating profit was 4706.8 kDKK, while net earnings were 3579.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.6 %, which can be considered excellent and Return on Equity (ROE) was 16 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 76.8 %, 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. FOLKE LARSENS EFTF.A/S's liquidity measured by quick ratio was 1.9 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
20192020202120222023
Volume
Net sales
Gross profit8 959.5210 435.2613 288.1114 986.2617 896.27
EBIT270.192 541.632 171.273 199.734 706.80
Net earnings396.852 307.301 933.482 637.083 579.43
Shareholders equity total16 269.0518 576.3519 509.8421 146.9223 726.35
Balance sheet total (assets)21 645.6428 131.7426 424.7629 650.6130 882.61
Net debt- 758.98- 364.64-1 010.19- 549.55- 758.11
Profitability
EBIT-%
ROA2.7 %12.2 %9.4 %12.4 %15.6 %
ROE2.5 %13.2 %10.2 %13.0 %16.0 %
ROI3.5 %16.8 %13.2 %17.0 %20.9 %
Economic value added (EVA)- 573.491 200.64778.031 561.312 635.11
Solvency
Equity ratio75.2 %66.0 %73.8 %71.3 %76.8 %
Gearing0.0 %0.1 %0.2 %0.1 %0.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.81.61.81.71.9
Current ratio4.23.14.03.74.9
Cash and cash equivalents760.56386.511 040.83578.29782.61
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:15.6%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:76.8%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

Companies in the same industry

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