REDMARK, KOMPLEMENTARANPARTSSELSKAB — Credit Rating and Financial Key Figures
Credit rating
Company information
About REDMARK, KOMPLEMENTARANPARTSSELSKAB
REDMARK, KOMPLEMENTARANPARTSSELSKAB (CVR number: 29215294K) is a company from AALBORG. The company reported a net sales of 179.6 mDKK in 2021, demonstrating a decline of -1.5 % compared to the previous year. The operating profit percentage was at 2.8 % (EBIT: 5 mDKK), while net earnings were 4631 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.1 %, which can be considered decent but Return on Equity (ROE) was -104.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. REDMARK, KOMPLEMENTARANPARTSSELSKAB's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 161.52 | 167.38 | 171.93 | 182.33 | 179.65 |
Gross profit | 131.36 | 133.55 | 136.36 | 149.37 | 149.82 |
EBIT | 9.36 | 5.93 | 5.16 | 7.27 | 4.96 |
Net earnings | 8.97 | 5.88 | 5.11 | 6.72 | 4.63 |
Shareholders equity total | 42.30 | 34.20 | 39.31 | 36.33 | 29.20 |
Balance sheet total (assets) | 114.28 | 111.78 | 109.30 | 101.67 | 97.25 |
Net debt | 32.19 | 37.99 | 31.28 | 31.38 | 31.05 |
Profitability | |||||
EBIT-% | 5.8 % | 3.5 % | 3.0 % | 4.0 % | 2.8 % |
ROA | 8.4 % | 5.7 % | 5.1 % | 7.0 % | 5.1 % |
ROE | 809.7 % | 517.3 % | 439.0 % | -459.2 % | -104.9 % |
ROI | 12.8 % | 8.8 % | 7.7 % | 10.4 % | 7.9 % |
Economic value added (EVA) | 9.37 | 3.09 | 2.89 | 4.70 | 2.82 |
Solvency | |||||
Equity ratio | 37.0 % | 30.6 % | 36.0 % | 35.7 % | 30.0 % |
Gearing | 76.2 % | 111.4 % | 79.6 % | 86.6 % | 106.4 % |
Relative net indebtedness % | 44.5 % | 46.3 % | 40.7 % | 35.7 % | 37.8 % |
Liquidity | |||||
Quick ratio | 0.8 | 0.7 | 0.9 | 0.8 | 0.8 |
Current ratio | 0.8 | 0.7 | 0.9 | 0.8 | 0.8 |
Cash and cash equivalents | 0.04 | 0.12 | 0.03 | 0.07 | 0.04 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 53.9 | 52.9 | 56.7 | 47.8 | 56.3 |
Net working capital % | -8.1 % | -12.3 % | -4.8 % | -6.0 % | -8.6 % |
Credit risk | |||||
Credit rating | A | A | A | AA | A |
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