RELIASSET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About RELIASSET A/S
RELIASSET A/S (CVR number: 29808198) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 1480.7 kDKK in 2023. The operating profit was -15.5 kDKK, while net earnings were -12.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.7 %, which can be considered poor and Return on Equity (ROE) was -1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.2 %, 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. RELIASSET A/S's liquidity measured by quick ratio was 3.5 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 | 1 014.77 | 2 142.52 | 2 111.32 | 2 979.06 | 1 480.70 |
EBIT | 271.49 | 963.46 | 593.95 | 1 219.45 | -15.55 |
Net earnings | 204.30 | 741.29 | 449.25 | 941.14 | -12.44 |
Shareholders equity total | 449.12 | 1 190.42 | 1 583.17 | 1 524.31 | 910.96 |
Balance sheet total (assets) | 873.75 | 1 923.21 | 2 030.15 | 2 371.16 | 1 164.18 |
Net debt | - 385.57 | -1 072.02 | -1 272.27 | -1 498.98 | - 505.97 |
Profitability | |||||
EBIT-% | |||||
ROA | 38.3 % | 68.9 % | 30.0 % | 55.4 % | -0.7 % |
ROE | 58.9 % | 90.4 % | 32.4 % | 60.6 % | -1.0 % |
ROI | 57.8 % | 109.6 % | 42.5 % | 78.2 % | -0.9 % |
Economic value added (EVA) | 199.37 | 748.47 | 457.22 | 930.49 | -16.41 |
Solvency | |||||
Equity ratio | 51.4 % | 61.9 % | 78.0 % | 64.3 % | 78.2 % |
Gearing | 22.1 % | 1.6 % | 0.3 % | 0.5 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.9 | 2.5 | 4.4 | 2.4 | 3.5 |
Current ratio | 1.9 | 2.5 | 4.4 | 2.4 | 3.5 |
Cash and cash equivalents | 484.72 | 1 091.25 | 1 277.37 | 1 506.37 | 505.97 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | A |
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