REinvent Rights ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About REinvent Rights ApS
REinvent Rights ApS (CVR number: 34900086) is a company from FREDERIKSBERG. The company recorded a gross profit of -103.6 kDKK in 2023. The operating profit was -139 kDKK, while net earnings were -124.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.4 %, which can be considered poor and Return on Equity (ROE) was -27.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 69.3 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. REinvent Rights 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 168.54 | -97.27 | - 130.42 | - 196.52 | - 103.58 |
EBIT | - 174.15 | - 373.33 | - 161.50 | - 254.49 | - 139.04 |
Net earnings | - 118.35 | - 293.29 | -44.91 | - 215.09 | - 124.29 |
Shareholders equity total | 1 698.70 | 1 325.40 | 1 052.49 | 577.40 | 335.31 |
Balance sheet total (assets) | 1 904.11 | 5 513.99 | 5 264.49 | 2 596.82 | 483.60 |
Net debt | 9.56 | 2 022.85 | - 685.29 | - 176.63 | 39.55 |
Profitability | |||||
EBIT-% | |||||
ROA | -4.0 % | -7.9 % | 0.1 % | -6.1 % | -6.4 % |
ROE | -6.5 % | -19.4 % | -3.8 % | -26.4 % | -27.2 % |
ROI | -4.7 % | -11.5 % | 0.3 % | -28.5 % | -19.0 % |
Economic value added (EVA) | - 197.79 | - 378.53 | - 217.22 | - 217.94 | - 129.66 |
Solvency | |||||
Equity ratio | 89.2 % | 24.0 % | 20.0 % | 22.2 % | 69.3 % |
Gearing | 2.4 % | 153.0 % | 5.1 % | 38.2 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 8.7 | 2.4 | 2.1 | 1.2 | 2.5 |
Current ratio | 8.7 | 2.4 | 2.1 | 1.2 | 2.5 |
Cash and cash equivalents | 31.87 | 4.78 | 738.93 | 176.63 | 88.69 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
Variable visualization
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