RLS DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 38159496

Nørregårdsvej 5 B, Borsholm 3100 Hornbæk

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Credit rating

Credit rating: B

How is our credit rating calculated?

8 / 100

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About RLS DENMARK ApS

RLS DENMARK ApS (CVR number: 38159496) is a company from HELSINGØR. The company recorded a gross profit of 26.4 kDKK in 2023. The operating profit was -53.7 kDKK, while net earnings were -54.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -32.3 %, which can be considered poor and Return on Equity (ROE) was -118.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -31 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. RLS DENMARK ApS'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

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Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

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	2019	2020	2021	2022	2023
Volume
Net sales
Gross profit		7.00	42.00	-13.00	26.38
EBIT	25.41	8.00	12.00	-13.00	-53.73
Net earnings	25.41	2.00	4.00	-18.00	-54.42
Shareholders equity total	-2.20		42.00	24.00	-30.43
Balance sheet total (assets)	54.38	24.00	115.00	234.00	67.79
Net debt	-0.42		-66.00	5.00	14.52
Profitability
EBIT-%
ROA	48.4 %	19.9 %	17.3 %	-7.4 %	-32.3 %
ROE	69.2 %	5.1 %	12.1 %	-54.5 %	-118.6 %
ROI	18544.5 %	83.0 %	31.6 %	-9.6 %	-45.6 %
Economic value added (EVA)	26.33	8.13	10.55	-11.04	-45.64
Solvency
Equity ratio	-3.9 %		36.5 %	10.3 %	-31.0 %
Gearing			35.7 %	791.7 %	-71.2 %
Relative net indebtedness %
Liquidity
Quick ratio	1.0	1.0	1.6	0.9	0.6
Current ratio	1.0	1.0	1.6	1.1	0.7
Cash and cash equivalents	0.42	19.00	81.00	185.00	7.15
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit rating	B	B	BB	B	B