Credit rating
Company information
About RACOFA CONSTRUCTION ApS
RACOFA CONSTRUCTION ApS (CVR number: 35385401) is a company from FREDENSBORG. The company recorded a gross profit of -28.4 kDKK in 2023. The operating profit was -333.4 kDKK, while net earnings were -260.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -53.9 %, which can be considered poor and Return on Equity (ROE) was -57 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -31.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. RACOFA CONSTRUCTION ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 909.10 | 813.13 | 1 307.17 | 807.67 | -28.36 |
EBIT | 500.10 | 458.06 | 936.66 | 501.43 | - 333.42 |
Net earnings | 388.08 | 355.19 | 725.11 | 389.15 | - 260.51 |
Shareholders equity total | 609.00 | 564.20 | 939.31 | 628.45 | - 132.06 |
Balance sheet total (assets) | 937.26 | 989.08 | 1 379.12 | 819.31 | 286.04 |
Net debt | - 612.90 | - 213.00 | -82.38 | - 249.60 | 153.50 |
Profitability | |||||
EBIT-% | |||||
ROA | 62.6 % | 47.6 % | 79.1 % | 45.6 % | -53.9 % |
ROE | 79.2 % | 60.6 % | 96.5 % | 49.6 % | -57.0 % |
ROI | 87.6 % | 72.3 % | 122.5 % | 62.9 % | -69.1 % |
Economic value added (EVA) | 391.72 | 360.67 | 711.64 | 347.78 | - 279.54 |
Solvency | |||||
Equity ratio | 65.0 % | 57.0 % | 68.1 % | 76.7 % | -31.6 % |
Gearing | 11.8 % | -245.0 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.9 | 2.3 | 3.1 | 4.4 | 0.7 |
Current ratio | 2.9 | 2.3 | 3.1 | 4.4 | 0.7 |
Cash and cash equivalents | 684.98 | 213.00 | 82.38 | 249.60 | 170.09 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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