THE RAITH WAY ApS — Credit Rating and Financial Key Figures

CVR number: 28482442
Hovedgaden 55 B, 2970 Hørsholm

Credit rating

Company information

Official name
THE RAITH WAY ApS
Established
2005
Company form
Private limited company
Industry
  • Expand more icon702000

About THE RAITH WAY ApS

THE RAITH WAY ApS (CVR number: 28482442) is a company from HØRSHOLM. The company recorded a gross profit of -12.8 kDKK in 2023. The operating profit was -12.8 kDKK, while net earnings were 11.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 1.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 92.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THE RAITH WAY ApS's liquidity measured by quick ratio was 13.4 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-15.06-0.77-8.00-11.40-12.83
EBIT-15.06-0.77-8.00-11.40-12.83
Net earnings12.591.10-10.5315.3711.19
Shareholders equity total821.18822.28811.75827.11838.30
Balance sheet total (assets)859.78857.78849.78883.77905.77
Net debt35.0535.5038.0342.0855.39
Profitability
EBIT-%
ROA2.1 %-0.1 %-0.9 %2.6 %1.7 %
ROE1.5 %0.1 %-1.3 %1.9 %1.3 %
ROI2.1 %-0.1 %-0.9 %2.6 %1.7 %
Economic value added (EVA)-52.38-42.03-49.32-49.66-54.40
Solvency
Equity ratio95.5 %95.9 %95.5 %93.6 %92.6 %
Gearing4.3 %4.3 %4.7 %5.1 %6.6 %
Relative net indebtedness %
Liquidity
Quick ratio22.324.222.317.013.4
Current ratio22.324.222.317.013.4
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:1.72%
Rating: 29/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:92.6%
Rating: 73/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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