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HARRY OG MOGENS LARSEN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About HARRY OG MOGENS LARSEN A/S
HARRY OG MOGENS LARSEN A/S (CVR number: 26098114) is a company from LANGELAND. The company recorded a gross profit of 3068.5 kDKK in 2024. The operating profit was -61.5 kDKK, while net earnings were -70.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -1.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. HARRY OG MOGENS LARSEN A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 3 198.22 | 3 376.90 | 2 955.01 | 3 779.70 | 3 068.48 |
| EBIT | 674.31 | 791.54 | 577.53 | 796.57 | -61.49 |
| Net earnings | 484.16 | 568.82 | 405.62 | 590.37 | -70.45 |
| Shareholders equity total | 2 769.95 | 3 038.77 | 3 444.39 | 3 834.75 | 3 564.31 |
| Balance sheet total (assets) | 8 449.40 | 6 573.15 | 7 269.98 | 7 482.70 | 7 157.24 |
| Net debt | -1 575.51 | - 676.73 | 178.47 | - 725.52 | 104.15 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 9.3 % | 10.5 % | 8.3 % | 10.8 % | -0.8 % |
| ROE | 18.1 % | 19.6 % | 12.5 % | 16.2 % | -1.9 % |
| ROI | 19.6 % | 20.0 % | 13.6 % | 18.4 % | -1.5 % |
| Economic value added (EVA) | 359.93 | 426.11 | 233.47 | 400.97 | - 270.94 |
| Solvency | |||||
| Equity ratio | 32.8 % | 46.2 % | 47.4 % | 51.2 % | 49.8 % |
| Gearing | 16.9 % | 13.5 % | 14.1 % | 4.7 % | 2.9 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.2 | 1.5 | 1.2 | 1.4 | 1.1 |
| Current ratio | 1.3 | 1.7 | 1.3 | 1.5 | 1.3 |
| Cash and cash equivalents | 2 043.68 | 1 088.06 | 305.73 | 907.14 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | A | BBB | A | BBB |
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