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: 21634409) is a company from Høje-Taastrup. The company reported a net sales of 8.7 mDKK in 2023, demonstrating a decline of -21 % compared to the previous year. The operating profit percentage was at 22.2 % (EBIT: 1.9 mDKK), while net earnings were 51.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.2 %, which can be considered good and Return on Equity (ROE) was 9.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 76.8 %, 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. RENT ESTATE A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2022
2023
Volume
Net sales11 026.008 716.00
Gross profit1 794.004 544.00
EBIT-1 522.001 938.00
Net earnings56 643.0051 678.00
Shareholders equity total527 264.00561 942.00
Balance sheet total (assets)620 049.00731 712.00
Net debt46 351.0066 600.00
Profitability
EBIT-%-13.8 %22.2 %
ROA9.6 %8.2 %
ROE10.7 %9.5 %
ROI9.7 %8.2 %
Economic value added (EVA)-1 172.3316 423.40
Solvency
Equity ratio85.0 %76.8 %
Gearing13.7 %26.7 %
Relative net indebtedness %482.3 %828.9 %
Liquidity
Quick ratio3.41.0
Current ratio3.41.0
Cash and cash equivalents25 700.0083 477.00
Capital use efficiency
Trade debtors turnover (days)8.613.4
Net working capital %168.2 %-7.0 %
Credit risk
Credit ratingBBAAAAAA

Variable visualization

ROA:8.16%
Rating: 52/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:76.8%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

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