RED ASSOCIATES HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 31076927
Kronprinsessegade 20, 1306 København K
tel: 33337044

Company information

Official name
RED ASSOCIATES HOLDING A/S
Established
2007
Company form
Limited company
Industry

About RED ASSOCIATES HOLDING A/S

RED ASSOCIATES HOLDING A/S (CVR number: 31076927K) is a company from KØBENHAVN. The company recorded a gross profit of 74.5 mDKK in 2024. The operating profit was 6448 kDKK, while net earnings were 3980 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.3 %, which can be considered excellent and Return on Equity (ROE) was 30.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 48 %, 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. RED ASSOCIATES HOLDING A/S'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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit79 610.0068 396.0074 469.00
EBIT3 969.004 212.008 074.004 785.006 448.00
Net earnings1 333.006 089.001 910.00242.003 980.00
Shareholders equity total49 925.0056 018.0041 052.0011 832.0014 247.00
Balance sheet total (assets)34 326.0061 040.0076 645.0033 159.0029 668.00
Net debt-53 410.00-4 836.00-7 922.00
Profitability
EBIT-%
ROA13.2 %8.8 %10.9 %10.3 %31.3 %
ROE2.7 %11.5 %3.9 %0.9 %30.5 %
ROI13.2 %8.8 %14.2 %18.6 %52.9 %
Economic value added (EVA)1 526.651 703.272 917.641 304.343 817.14
Solvency
Equity ratio100.0 %100.0 %53.6 %35.7 %48.0 %
Gearing0.6 %0.3 %
Relative net indebtedness %
Liquidity
Quick ratio2.21.92.4
Current ratio2.21.92.4
Cash and cash equivalents53 651.004 869.007 922.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBA

Variable visualization

ROA:31.3%
Rating: 84/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:48.0%
Rating: 39/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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