NRE GROUP A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NRE GROUP A/S
NRE GROUP A/S (CVR number: 29800758K) is a company from IKAST-BRANDE. The company reported a net sales of 503.3 mDKK in 2023, demonstrating a decline of -20.8 % compared to the previous year. The operating profit percentage was at 0.4 % (EBIT: 2.1 mDKK), while net earnings were 11.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 10 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 29.2 %, 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. NRE GROUP A/S's liquidity measured by quick ratio was 0.6 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 | 699.62 | 525.79 | 344.97 | 635.44 | 503.28 |
Gross profit | 71.69 | 23.84 | 36.87 | 55.05 | 28.39 |
EBIT | 42.76 | -2.49 | 12.19 | 27.21 | 2.11 |
Net earnings | 32.73 | -1.49 | 32.61 | 20.01 | 11.56 |
Shareholders equity total | 89.08 | 76.03 | 108.53 | 116.56 | 116.47 |
Balance sheet total (assets) | 350.81 | 366.05 | 368.99 | 369.40 | 398.50 |
Net debt | 252.59 | 170.20 | 135.82 | 120.48 | 139.95 |
Profitability | |||||
EBIT-% | 6.1 % | -0.5 % | 3.5 % | 4.3 % | 0.4 % |
ROA | 12.7 % | 1.3 % | 11.3 % | 9.7 % | 7.3 % |
ROE | 30.5 % | -1.8 % | 35.4 % | 18.0 % | 10.0 % |
ROI | 18.3 % | 1.9 % | 15.9 % | 14.0 % | 10.7 % |
Economic value added (EVA) | 21.69 | -11.44 | 6.17 | 17.41 | -0.91 |
Solvency | |||||
Equity ratio | 26.3 % | 20.8 % | 29.4 % | 31.6 % | 29.2 % |
Gearing | 292.2 % | 226.9 % | 127.6 % | 103.6 % | 125.2 % |
Relative net indebtedness % | 34.7 % | 52.7 % | 71.2 % | 37.1 % | 53.0 % |
Liquidity | |||||
Quick ratio | 0.7 | 0.7 | 0.6 | 0.7 | 0.6 |
Current ratio | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 |
Cash and cash equivalents | 7.73 | 2.30 | 2.60 | 0.29 | 5.88 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.9 | 50.7 | 105.5 | 52.6 | 50.5 |
Net working capital % | -10.6 % | -16.0 % | -23.9 % | -9.9 % | -19.8 % |
Credit risk | |||||
Credit rating | AA | BBB | A | AA | A |
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