Avis Budget Denmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Avis Budget Denmark A/S
Avis Budget Denmark A/S (CVR number: 19673146) is a company from ALBERTSLUND. The company reported a net sales of 272.2 mDKK in 2024, demonstrating a decline of -1.8 % compared to the previous year. The operating profit percentage was poor at -19.8 % (EBIT: -54 mDKK), while net earnings were -43.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was -49.9 %, which can be considered poor and Return on Equity (ROE) was -157.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 25.5 %, 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. Avis Budget Denmark A/S's liquidity measured by quick ratio was 1.7 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 164.60 | 213.60 | 259.93 | 277.34 | 272.23 |
Gross profit | -43.10 | -6.80 | 36.56 | 16.00 | -11.92 |
EBIT | -78.50 | -58.40 | -21.46 | -30.49 | -53.98 |
Net earnings | -66.40 | -43.60 | 27.12 | -21.77 | -43.21 |
Shareholders equity total | 22.00 | -21.50 | 28.30 | 26.53 | 28.32 |
Balance sheet total (assets) | 82.10 | 69.00 | 136.43 | 102.44 | 110.93 |
Net debt | 45.64 | 18.42 | 20.59 | ||
Profitability | |||||
EBIT-% | -47.7 % | -27.3 % | -8.3 % | -11.0 % | -19.8 % |
ROA | -49.5 % | -67.7 % | 16.7 % | -24.7 % | -49.9 % |
ROE | -333.7 % | -17440.0 % | 797.6 % | -79.4 % | -157.5 % |
ROI | -49.5 % | -67.7 % | 21.3 % | -44.0 % | -108.9 % |
Economic value added (EVA) | -79.39 | -59.51 | -14.15 | -25.44 | -44.29 |
Solvency | |||||
Equity ratio | 100.0 % | 19.0 % | 25.9 % | 25.5 % | |
Gearing | 238.0 % | 93.7 % | 99.7 % | ||
Relative net indebtedness % | 36.4 % | 16.6 % | 17.9 % | ||
Liquidity | |||||
Quick ratio | 1.1 | 1.6 | 1.7 | ||
Current ratio | 1.2 | 1.7 | 1.7 | ||
Cash and cash equivalents | 21.70 | 6.45 | 7.65 | ||
Capital use efficiency | |||||
Trade debtors turnover (days) | 30.4 | 31.4 | 32.0 | ||
Net working capital % | 6.6 % | 13.5 % | 15.8 % | ||
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BBB |
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