SERVICEFIRMAET RENELL A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SERVICEFIRMAET RENELL A/S
SERVICEFIRMAET RENELL A/S (CVR number: 26096294) is a company from HELSINGØR. The company reported a net sales of 250.4 mDKK in 2023, demonstrating a decline of -2.6 % compared to the previous year. The operating profit percentage was at 2 % (EBIT: 5.1 mDKK), while net earnings were 3226.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.6 %, which can be considered decent but Return on Equity (ROE) was 13.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 33.6 %, 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. SERVICEFIRMAET RENELL A/S's liquidity measured by quick ratio was 1.4 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 169.18 | 226.00 | 253.81 | 257.08 | 250.44 |
Gross profit | 149.02 | 203.81 | 229.10 | 238.02 | 230.45 |
EBIT | 7.70 | 11.18 | 3.51 | -15.28 | 5.06 |
Net earnings | 5.90 | 8.51 | 2.52 | -12.22 | 3.23 |
Shareholders equity total | 27.31 | 34.82 | 34.84 | 22.61 | 25.84 |
Balance sheet total (assets) | 57.50 | 93.00 | 84.86 | 78.28 | 76.99 |
Net debt | -8.25 | -11.77 | 6.78 | 40.19 | 28.07 |
Profitability | |||||
EBIT-% | 4.6 % | 4.9 % | 1.4 % | -5.9 % | 2.0 % |
ROA | 14.3 % | 14.9 % | 4.0 % | -18.7 % | 6.6 % |
ROE | 23.5 % | 27.4 % | 7.2 % | -42.6 % | 13.3 % |
ROI | 26.9 % | 26.4 % | 6.8 % | -23.8 % | 6.8 % |
Economic value added (EVA) | 5.23 | 7.79 | 1.66 | -13.66 | 2.87 |
Solvency | |||||
Equity ratio | 47.5 % | 37.4 % | 41.1 % | 28.9 % | 33.6 % |
Gearing | 2.5 % | 22.2 % | 182.0 % | 136.2 % | |
Relative net indebtedness % | 12.4 % | 20.5 % | 19.3 % | 21.3 % | 17.6 % |
Liquidity | |||||
Quick ratio | 1.2 | 1.4 | 1.2 | 0.9 | 1.4 |
Current ratio | 1.2 | 1.5 | 1.2 | 1.0 | 1.4 |
Cash and cash equivalents | 8.93 | 11.77 | 0.95 | 0.96 | 7.13 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 40.8 | 49.9 | 54.5 | 50.8 | 46.6 |
Net working capital % | 2.8 % | 8.3 % | 3.8 % | -0.7 % | 5.2 % |
Credit risk | |||||
Credit rating | A | AA | AA | BBB | AA |
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