REE GOLF A/S — Credit Rating and Financial Key Figures

CVR number: 24209156
Slotsherrensvej 411 B, 2610 Rødovre
tel: 48790103

Credit rating

Company information

Official name
REE GOLF A/S
Personnel
2 persons
Established
1999
Company form
Limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit330.45683.93741.681 056.46325.65
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 total20 184.1519 481.7019 276.5222 169.5820 066.13
Balance sheet total (assets)24 299.7922 958.9122 678.6522 391.9920 332.52
Net debt3 538.512 751.482 731.76-22.45-56.20
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 ratio83.1 %84.9 %85.0 %99.0 %98.8 %
Gearing17.6 %16.1 %14.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.40.47.53.0
Current ratio0.50.40.47.52.8
Cash and cash equivalents21.21384.0317.2922.4556.20
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBAABBB

Variable visualization

ROA:-3.86%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.8%
Rating: 81/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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