RAINS ApS
Credit rating
Company information
About RAINS ApS
RAINS ApS (CVR number: 34476187K) is a company from AARHUS. The company reported a net sales of 627.7 mDKK in 2023, demonstrating a growth of 11.4 % compared to the previous year. The operating profit percentage was at 11.5 % (EBIT: 72.4 mDKK), while net earnings were 57.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 20.5 %, which can be considered excellent and Return on Equity (ROE) was 44.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.9 %, 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. RAINS 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 | 400.94 | 563.24 | 627.70 | ||
Gross profit | 63.73 | 78.86 | 120.62 | 143.57 | 168.41 |
EBIT | 26.56 | 41.89 | 54.63 | 67.78 | 72.37 |
Net earnings | 20.32 | 30.24 | 44.74 | 50.71 | 57.50 |
Shareholders equity total | 52.51 | 72.75 | 97.16 | 119.23 | 141.56 |
Balance sheet total (assets) | 114.76 | 133.51 | 213.19 | 351.93 | 458.21 |
Net debt | -8.40 | -25.90 | -48.63 | 12.22 | 114.10 |
Profitability | |||||
EBIT-% | 13.6 % | 12.0 % | 11.5 % | ||
ROA | 27.3 % | 33.8 % | 33.3 % | 26.3 % | 20.5 % |
ROE | 38.8 % | 48.3 % | 52.7 % | 46.9 % | 44.1 % |
ROI | 42.5 % | 59.2 % | 67.0 % | 52.5 % | 33.5 % |
Economic value added (EVA) | 18.14 | 29.77 | 40.55 | 50.94 | 54.20 |
Solvency | |||||
Equity ratio | 45.8 % | 54.5 % | 45.6 % | 33.9 % | 30.9 % |
Gearing | 28.0 % | 1.3 % | 1.2 % | 55.2 % | 119.1 % |
Relative net indebtedness % | 16.5 % | 31.8 % | 41.6 % | ||
Liquidity | |||||
Quick ratio | 1.0 | 1.2 | 1.1 | 0.7 | 0.5 |
Current ratio | 1.7 | 1.9 | 1.6 | 1.3 | 0.9 |
Cash and cash equivalents | 23.09 | 26.87 | 49.79 | 53.58 | 54.46 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 59.5 | 53.7 | 56.8 | ||
Net working capital % | 18.3 % | 11.2 % | -2.6 % | ||
Credit risk | |||||
Credit rating | AA | A | A | AA | AA |
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