Rent Estate II ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Rent Estate II ApS
Rent Estate II ApS (CVR number: 36085010) is a company from Høje-Taastrup. The company reported a net sales of 9.3 mDKK in 2023, demonstrating a growth of 3.6 % compared to the previous year. The operating profit percentage was at 87.1 % (EBIT: 8.1 mDKK), while net earnings were 6302 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent and Return on Equity (ROE) was 6.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 60.4 %, 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 II ApS's liquidity measured by quick ratio was 1.5 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 7 751.25 | 8 012.00 | 8 115.00 | 8 941.00 | 9 267.00 |
Gross profit | 8 328.56 | 11 609.00 | 17 308.00 | 12 346.00 | 7 776.00 |
EBIT | 10 348.56 | 22 029.00 | 39 168.00 | 17 526.00 | 8 076.00 |
Net earnings | 11 905.92 | 21 682.00 | 13 986.00 | 15 859.00 | 6 302.00 |
Shareholders equity total | 36 076.26 | 57 758.00 | 71 744.00 | 87 603.00 | 93 905.00 |
Balance sheet total (assets) | 113 712.18 | 132 899.00 | 146 507.00 | 149 978.00 | 155 391.00 |
Net debt | 67 917.33 | 62 881.00 | 59 863.00 | 41 603.00 | 43 888.00 |
Profitability | |||||
EBIT-% | 133.5 % | 275.0 % | 482.7 % | 196.0 % | 87.1 % |
ROA | 15.6 % | 29.1 % | 28.9 % | 17.7 % | 6.3 % |
ROE | 39.5 % | 46.2 % | 21.6 % | 19.9 % | 6.9 % |
ROI | 15.7 % | 29.5 % | 29.2 % | 18.2 % | 6.5 % |
Economic value added (EVA) | 3 783.47 | 12 734.00 | 27 036.38 | 9 509.96 | 2 106.99 |
Solvency | |||||
Equity ratio | 31.7 % | 43.5 % | 49.0 % | 58.4 % | 60.4 % |
Gearing | 190.2 % | 110.4 % | 84.0 % | 50.8 % | 47.2 % |
Relative net indebtedness % | 918.7 % | 833.9 % | 788.2 % | 530.6 % | 521.6 % |
Liquidity | |||||
Quick ratio | 0.3 | 0.4 | 0.1 | 0.6 | 1.5 |
Current ratio | 0.3 | 0.4 | 0.1 | 0.6 | 1.5 |
Cash and cash equivalents | 697.10 | 902.00 | 415.00 | 2 857.00 | 451.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 25.3 | 33.8 | 3.3 | 14.2 | 20.4 |
Net working capital % | -34.3 % | -29.8 % | -45.3 % | -20.7 % | 30.4 % |
Credit risk | |||||
Credit rating | AAA | AAA | AA | AAA | AAA |
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