RINA DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About RINA DENMARK ApS
RINA DENMARK ApS (CVR number: 29447675) is a company from KØBENHAVN. The company reported a net sales of 19.1 mDKK in 2024, demonstrating a growth of 13.1 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 1 mDKK), while net earnings were 850.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.9 %, which can be considered good and Return on Equity (ROE) was 11.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 58.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. RINA DENMARK ApS's liquidity measured by quick ratio was 2.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 21 031.78 | 17 755.26 | 17 662.47 | 16 902.44 | 19 117.36 |
Gross profit | 15 152.38 | 11 885.10 | 12 073.61 | 11 430.38 | 12 701.16 |
EBIT | 5 766.95 | 2 511.87 | 2 525.41 | 571.86 | 979.82 |
Net earnings | 4 408.68 | 1 884.57 | 1 935.52 | 533.35 | 850.19 |
Shareholders equity total | 5 493.19 | 7 377.77 | 9 313.29 | 9 846.64 | 4 696.82 |
Balance sheet total (assets) | 9 836.91 | 11 123.08 | 12 309.78 | 13 039.04 | 8 037.05 |
Net debt | -1 319.97 | - 285.74 | -1 717.82 | - 712.77 | 217.41 |
Profitability | |||||
EBIT-% | 27.4 % | 14.1 % | 14.3 % | 3.4 % | 5.1 % |
ROA | 61.0 % | 24.0 % | 21.6 % | 6.3 % | 10.9 % |
ROE | 83.4 % | 29.3 % | 23.2 % | 5.6 % | 11.7 % |
ROI | 87.3 % | 31.8 % | 25.4 % | 7.6 % | 15.1 % |
Economic value added (EVA) | 4 195.94 | 1 645.68 | 1 566.89 | -72.94 | 256.56 |
Solvency | |||||
Equity ratio | 55.8 % | 66.3 % | 75.7 % | 76.0 % | 58.5 % |
Gearing | 11.8 % | 8.1 % | 2.4 % | 9.2 % | |
Relative net indebtedness % | 11.3 % | 16.1 % | 1.7 % | 13.3 % | 16.3 % |
Liquidity | |||||
Quick ratio | 2.8 | 3.8 | 10.0 | 4.5 | 2.5 |
Current ratio | 2.8 | 3.8 | 10.0 | 4.5 | 2.6 |
Cash and cash equivalents | 1 970.55 | 886.31 | 1 717.82 | 948.01 | 212.75 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 29.9 | 37.1 | 38.9 | 26.5 | 36.5 |
Net working capital % | 29.9 % | 45.6 % | 62.3 % | 59.3 % | 25.5 % |
Credit risk | |||||
Credit rating | A | AA | A | AA | AA |
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