REE GOLF A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About REE GOLF A/S
REE GOLF A/S (CVR number: 24209156) is a company from RØDOVRE. The company recorded a gross profit of 325.7 kDKK in 2023. The operating profit was -859.7 kDKK, while net earnings were -2103.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.9 %, which can be considered poor and Return on Equity (ROE) was -10 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. REE GOLF A/S's liquidity measured by quick ratio was 3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 330.45 | 683.93 | 741.68 | 1 056.46 | 325.65 |
EBIT | -1 484.72 | - 797.93 | - 348.91 | - 126.81 | - 859.75 |
Net earnings | -1 218.72 | - 702.46 | - 205.18 | -60.76 | -2 103.45 |
Shareholders equity total | 20 184.15 | 19 481.70 | 19 276.52 | 22 169.58 | 20 066.13 |
Balance sheet total (assets) | 24 299.79 | 22 958.91 | 22 678.65 | 22 391.99 | 20 332.52 |
Net debt | 3 538.51 | 2 751.48 | 2 731.76 | -22.45 | -56.20 |
Profitability | |||||
EBIT-% | |||||
ROA | -6.1 % | -3.4 % | -1.5 % | -0.6 % | -3.9 % |
ROE | -5.9 % | -3.5 % | -1.1 % | -0.3 % | -10.0 % |
ROI | -6.2 % | -3.4 % | -1.6 % | -0.6 % | -3.9 % |
Economic value added (EVA) | -2 232.46 | -1 635.58 | -1 207.38 | -1 057.81 | -1 723.31 |
Solvency | |||||
Equity ratio | 83.1 % | 84.9 % | 85.0 % | 99.0 % | 98.8 % |
Gearing | 17.6 % | 16.1 % | 14.3 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.5 | 0.4 | 0.4 | 7.5 | 3.0 |
Current ratio | 0.5 | 0.4 | 0.4 | 7.5 | 2.8 |
Cash and cash equivalents | 21.21 | 384.03 | 17.29 | 22.45 | 56.20 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | BBB |
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