RENT ESTATE A/S — Credit Rating and Financial Key Figures

CVR number: 21634409
Spotorno Alle 12, Høje Taastrup 2630 Taastrup
fba@rentestate.dk
tel: 70220029

Credit rating

Company information

Official name
RENT ESTATE A/S
Personnel
15 persons
Established
1999
Domicile
Høje Taastrup
Company form
Limited company
Industry

About RENT ESTATE A/S

RENT ESTATE A/S (CVR number: 21634409K) is a company from Høje-Taastrup. The company reported a net sales of 96.8 mDKK in 2023, demonstrating a growth of 12.6 % compared to the previous year. The operating profit percentage was at 92.4 % (EBIT: 89.4 mDKK), while net earnings were 51.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent but Return on Equity (ROE) was 9.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 44.4 %, 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. RENT ESTATE A/S's liquidity measured by quick ratio was 2.2 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales39.6552.0060.8985.9896.84
Gross profit39.6552.0060.8976.9894.02
EBIT39.6552.0060.8972.0489.43
Net earnings38.76127.93134.1356.6451.68
Shareholders equity total228.31354.97487.62527.26561.94
Balance sheet total (assets)602.87757.48985.721 144.951 265.42
Net debt473.14467.70
Profitability
EBIT-%100.0 %100.0 %100.0 %83.8 %92.4 %
ROA7.4 %7.6 %7.0 %8.2 %7.5 %
ROE18.5 %43.9 %31.8 %11.2 %9.5 %
ROI7.8 %8.0 %7.7 %8.8 %7.8 %
Economic value added (EVA)27.5435.7529.6631.6720.13
Solvency
Equity ratio19.7 %24.4 %26.0 %46.1 %44.4 %
Gearing96.2 %103.9 %
Relative net indebtedness %886.7 %714.1 %737.4 %609.0 %532.1 %
Liquidity
Quick ratio1.60.50.20.72.2
Current ratio1.60.50.20.72.2
Cash and cash equivalents34.16115.92
Capital use efficiency
Trade debtors turnover (days)8.57.4
Net working capital %43.0 %-35.5 %-154.0 %-17.6 %69.0 %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:7.51%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.4%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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