AB Rideudstyr Holding ApS — Credit Rating and Financial Key Figures

CVR number: 38518194
Husmandsvej 65, 9430 Vadum

Credit rating

Company information

Official name
AB Rideudstyr Holding ApS
Established
2017
Company form
Private limited company
Industry

About AB Rideudstyr Holding ApS

AB Rideudstyr Holding ApS (CVR number: 38518194) is a company from AALBORG. The company recorded a gross profit of -7.9 kDKK in 2023. The operating profit was -7.9 kDKK, while net earnings were 175.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent and Return on Equity (ROE) was 7.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 64.1 %, 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. AB Rideudstyr Holding ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-5.0026.76-6.47-6.81-7.94
EBIT-5.0026.76-6.47-6.81-7.94
Net earnings0.98669.41279.10135.36175.06
Shareholders equity total1 575.292 144.702 316.812 345.172 413.24
Balance sheet total (assets)2 279.943 067.863 273.933 485.443 765.38
Net debt238.77441.84483.75611.78710.57
Profitability
EBIT-%
ROA6.8 %25.2 %9.0 %4.5 %5.7 %
ROE0.1 %36.0 %12.5 %5.8 %7.4 %
ROI8.1 %29.9 %10.6 %5.3 %6.8 %
Economic value added (EVA)52.66115.32109.67130.21143.91
Solvency
Equity ratio69.1 %69.9 %70.8 %67.3 %64.1 %
Gearing15.2 %20.6 %20.9 %26.1 %29.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.20.10.10.2
Current ratio0.10.20.10.10.2
Cash and cash equivalents0.030.18
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:5.67%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.1%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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