RENT FOR NEED ApS — Credit Rating and Financial Key Figures

CVR number: 20651199
Lundøvej 127, Svenstrup 7840 Højslev

Company information

Official name
RENT FOR NEED ApS
Personnel
2 persons
Established
1997
Domicile
Svenstrup
Company form
Private limited company
Industry

About RENT FOR NEED ApS

RENT FOR NEED ApS (CVR number: 20651199) is a company from SKIVE. The company recorded a gross profit of 2108.3 kDKK in 2023. The operating profit was 734 kDKK, while net earnings were 384.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.1 %, which can be considered weak and Return on Equity (ROE) was 2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 49.7 %, 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. RENT FOR NEED ApS's liquidity measured by quick ratio was 2.4 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 profit1 995.002 147.001 819.001 608.002 108.28
EBIT1 769.001 219.002 298.001 056.00734.00
Net earnings1 274.00775.001 728.00746.00384.28
Shareholders equity total16 527.0016 302.0018 030.0018 776.0019 160.82
Balance sheet total (assets)39 271.0038 667.0038 009.0038 384.0038 538.32
Net debt18 358.0017 727.0015 485.0015 384.0015 029.35
Profitability
EBIT-%
ROA4.6 %3.2 %6.0 %2.8 %2.1 %
ROE8.0 %4.7 %10.1 %4.1 %2.0 %
ROI4.7 %3.2 %6.1 %2.9 %2.1 %
Economic value added (EVA)- 380.34- 751.48121.14- 839.66-1 116.89
Solvency
Equity ratio42.1 %42.2 %47.4 %48.9 %49.7 %
Gearing113.5 %112.7 %87.1 %81.9 %78.7 %
Relative net indebtedness %
Liquidity
Quick ratio1.01.91.01.62.4
Current ratio1.01.91.01.62.4
Cash and cash equivalents398.00645.00215.0055.20
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:2.08%
Rating: 30/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:49.7%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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