Renovest A/S — Credit Rating and Financial Key Figures

Renovest A/S (CVR number: 37276588) is a company from VESTHIMMERLANDS. The company reported a net sales of 66.4 mDKK in 2023, demonstrating a growth of 11.7 % compared to the previous year. The operating profit percentage was at 2.7 % (EBIT: 1.8 mDKK), while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.9 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 14.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Renovest A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.