Rygaard Ejendomme A/S — Credit Rating and Financial Key Figures

CVR number: 10646189
Mellemstrupvej 9, 8500 Grenaa
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Company information

Official name
Rygaard Ejendomme A/S
Established
1987
Company form
Limited company
Industry

About Rygaard Ejendomme A/S

Rygaard Ejendomme A/S (CVR number: 10646189) is a company from NORDDJURS. The company recorded a gross profit of 778.5 kDKK in 2024. The operating profit was 673.7 kDKK, while net earnings were 275 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak but Return on Equity (ROE) was 7.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 19.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Rygaard Ejendomme A/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales2 610.441 652.08576.48
Gross profit1 982.064 455.31457.64338.71778.51
EBIT1 508.743 041.33352.92233.91673.71
Net earnings1 138.832 183.31235.50178.50275.01
Shareholders equity total10 063.5512 246.863 482.363 660.873 935.88
Balance sheet total (assets)16 835.6119 381.488 143.1014 736.6820 652.50
Net debt-1 562.27-12 061.66- 876.538 574.8513 398.93
Profitability
EBIT-%57.8 %184.1 %61.2 %
ROA9.2 %16.8 %2.6 %2.8 %3.9 %
ROE9.9 %19.6 %3.0 %5.0 %7.2 %
ROI9.6 %18.5 %2.9 %3.1 %4.1 %
Economic value added (EVA)418.081 431.08- 566.32- 221.21- 208.92
Solvency
Equity ratio59.8 %63.2 %42.8 %24.8 %19.1 %
Gearing40.0 %33.2 %118.0 %245.9 %406.7 %
Relative net indebtedness %-35.7 %-564.6 %-117.6 %
Liquidity
Quick ratio1.22.41.20.30.2
Current ratio1.22.41.20.30.2
Cash and cash equivalents5 589.0116 128.864 984.58428.612 609.92
Capital use efficiency
Trade debtors turnover (days)7.9
Net working capital %41.3 %565.3 %121.4 %
Credit risk
Credit ratingAAAAABBBA

Variable visualization

ROA:3.91%
Rating: 40/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:19.1%
Rating: 18/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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