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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 -129 kDKK in 2024. The operating profit was -925.1 kDKK, while net earnings were -472.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.1 %, which can be considered excellent but Return on Equity (ROE) was -1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 63.1 %, 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 2.7 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | - 251.77 | - 130.19 | - 163.26 | 55.63 | - 129.04 |
| EBIT | - 903.93 | - 752.14 | - 911.15 | - 720.43 | - 925.09 |
| Net earnings | 9 796.47 | -2 652.83 | 9 183.02 | 9 949.49 | - 472.25 |
| Shareholders equity total | 34 738.37 | 27 085.54 | 36 268.56 | 46 218.04 | 45 745.80 |
| Balance sheet total (assets) | 53 364.30 | 51 376.47 | 63 478.69 | 71 430.14 | 72 471.74 |
| Net debt | -40 040.59 | -30 875.36 | -41 807.66 | -51 363.44 | -47 291.49 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 28.2 % | 9.2 % | 23.7 % | 25.2 % | 19.1 % |
| ROE | 32.8 % | -8.6 % | 29.0 % | 24.1 % | -1.0 % |
| ROI | 30.7 % | 10.2 % | 26.3 % | 27.6 % | 20.5 % |
| Economic value added (EVA) | -2 592.93 | -2 985.06 | -3 032.05 | -3 445.73 | -4 017.56 |
| Solvency | |||||
| Equity ratio | 65.1 % | 52.7 % | 57.1 % | 64.7 % | 63.1 % |
| Gearing | 37.4 % | 70.6 % | 58.2 % | 41.9 % | 49.9 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.8 | 2.1 | 2.5 | 3.1 | 2.7 |
| Current ratio | 2.8 | 2.1 | 2.5 | 3.1 | 2.7 |
| Cash and cash equivalents | 53 021.05 | 49 988.83 | 62 928.96 | 70 730.93 | 70 134.27 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | A | A | A | A |
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