CARL ERIK LARSEN HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About CARL ERIK LARSEN HOLDING ApS
CARL ERIK LARSEN HOLDING ApS (CVR number: 30537432K) is a company from STRUER. The company reported a net sales of 1814.6 mDKK in 2023, demonstrating a growth of 0.9 % compared to the previous year. The operating profit percentage was at 1 % (EBIT: 18.1 mDKK), while net earnings were 8763 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent but Return on Equity (ROE) was 9.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 38.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. CARL ERIK LARSEN HOLDING ApS's liquidity measured by quick ratio was 0.5 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
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 488.77 | 1 535.05 | 1 713.34 | 1 799.15 | 1 814.60 |
Gross profit | 86.02 | 83.43 | 98.69 | 108.48 | 113.13 |
EBIT | 15.31 | 2.60 | 19.01 | 22.97 | 18.06 |
Net earnings | 10.71 | 0.70 | 12.42 | 17.00 | 8.76 |
Shareholders equity total | 137.62 | 137.87 | 149.84 | 166.44 | 174.75 |
Balance sheet total (assets) | 585.75 | 417.35 | 442.86 | 445.41 | 448.87 |
Net debt | -2.49 | -2.73 | |||
Profitability | |||||
EBIT-% | 1.0 % | 0.2 % | 1.1 % | 1.3 % | 1.0 % |
ROA | 3.3 % | 0.5 % | 4.4 % | 5.3 % | 4.7 % |
ROE | 10.2 % | 0.5 % | 8.6 % | 14.0 % | 9.1 % |
ROI | 4.2 % | 0.5 % | 4.4 % | 7.5 % | 9.0 % |
Economic value added (EVA) | 10.77 | -4.31 | 12.08 | 11.30 | 5.47 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 37.3 % | 38.9 % |
Gearing | 13.4 % | 5.9 % | |||
Relative net indebtedness % | 14.1 % | 14.3 % | |||
Liquidity | |||||
Quick ratio | 0.6 | 0.5 | |||
Current ratio | 1.0 | 1.1 | |||
Cash and cash equivalents | 24.84 | 12.97 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 26.6 | 25.2 | |||
Net working capital % | 0.2 % | 0.8 % | |||
Credit risk | |||||
Credit rating | A | BBB | A | A | A |
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