LARS DANMARK HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About LARS DANMARK HOLDING A/S
LARS DANMARK HOLDING A/S (CVR number: 88794915) is a company from GREVE. The company recorded a gross profit of 55.6 kDKK in 2023. The operating profit was -720.4 kDKK, while net earnings were 9949.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.2 %, which can be considered excellent and Return on Equity (ROE) was 24.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.7 %, 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. LARS DANMARK HOLDING A/S's liquidity measured by quick ratio was 3.1 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 156.76 | - 251.77 | - 130.19 | - 163.26 | 55.63 |
EBIT | - 690.56 | - 903.93 | - 752.14 | - 911.15 | - 720.43 |
Net earnings | 652.92 | 9 796.47 | -2 652.83 | 9 183.02 | 9 949.49 |
Shareholders equity total | 24 941.90 | 34 738.37 | 27 085.54 | 36 268.56 | 46 218.04 |
Balance sheet total (assets) | 39 499.04 | 53 364.30 | 51 376.47 | 63 478.69 | 71 430.14 |
Net debt | -25 357.47 | -40 040.59 | -30 875.36 | -41 807.66 | -51 363.44 |
Profitability | |||||
EBIT-% | |||||
ROA | 3.2 % | 28.2 % | 9.2 % | 23.7 % | 25.2 % |
ROE | 2.6 % | 32.8 % | -8.6 % | 29.0 % | 24.1 % |
ROI | 3.4 % | 30.7 % | 10.2 % | 26.3 % | 27.6 % |
Economic value added (EVA) | - 182.55 | -49.59 | 331.76 | 440.34 | 777.79 |
Solvency | |||||
Equity ratio | 63.1 % | 65.1 % | 52.7 % | 57.1 % | 64.7 % |
Gearing | 50.6 % | 37.4 % | 70.6 % | 58.2 % | 41.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.7 | 2.8 | 2.1 | 2.5 | 3.1 |
Current ratio | 2.7 | 2.8 | 2.1 | 2.5 | 3.1 |
Cash and cash equivalents | 37 985.59 | 53 021.05 | 49 988.83 | 62 928.96 | 70 730.93 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | BBB | A | A |
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