RENT ESTATE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 39.65 | 52.00 | 60.89 | 85.98 | 96.84 |
Gross profit | 39.65 | 52.00 | 60.89 | 76.98 | 94.02 |
EBIT | 39.65 | 52.00 | 60.89 | 72.04 | 89.43 |
Net earnings | 38.76 | 127.93 | 134.13 | 56.64 | 51.68 |
Shareholders equity total | 228.31 | 354.97 | 487.62 | 527.26 | 561.94 |
Balance sheet total (assets) | 602.87 | 757.48 | 985.72 | 1 144.95 | 1 265.42 |
Net debt | 473.14 | 467.70 | |||
Profitability | |||||
EBIT-% | 100.0 % | 100.0 % | 100.0 % | 83.8 % | 92.4 % |
ROA | 7.4 % | 7.6 % | 7.0 % | 8.2 % | 7.5 % |
ROE | 18.5 % | 43.9 % | 31.8 % | 11.2 % | 9.5 % |
ROI | 7.8 % | 8.0 % | 7.7 % | 8.8 % | 7.8 % |
Economic value added (EVA) | 27.54 | 35.75 | 29.66 | 31.67 | 20.13 |
Solvency | |||||
Equity ratio | 19.7 % | 24.4 % | 26.0 % | 46.1 % | 44.4 % |
Gearing | 96.2 % | 103.9 % | |||
Relative net indebtedness % | 886.7 % | 714.1 % | 737.4 % | 609.0 % | 532.1 % |
Liquidity | |||||
Quick ratio | 1.6 | 0.5 | 0.2 | 0.7 | 2.2 |
Current ratio | 1.6 | 0.5 | 0.2 | 0.7 | 2.2 |
Cash and cash equivalents | 34.16 | 115.92 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 8.5 | 7.4 | |||
Net working capital % | 43.0 % | -35.5 % | -154.0 % | -17.6 % | 69.0 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | AAA |
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