RAS 2021 A/S — Credit Rating and Financial Key Figures

CVR number: 27437753
Kærsangervej 16, 8870 Langå

Credit rating

Company information

Official name
RAS 2021 A/S
Personnel
6 persons
Established
2003
Company form
Limited company
Industry
  • Expand more icon16Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

About RAS 2021 A/S

RAS 2021 A/S (CVR number: 27437753) is a company from RANDERS. The company recorded a gross profit of 5105.7 kDKK in 2020. The operating profit was 206.1 kDKK, while net earnings were 83.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak but Return on Equity (ROE) was 4.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 18.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. RAS 2021 A/S'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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2016
2017
2018
2019
2020
Volume
Net sales
Gross profit5 884.3212 295.088 059.733 744.645 105.68
EBIT1 128.313 137.04432.28- 845.53206.13
Net earnings874.202 427.44264.19- 761.6383.59
Shareholders equity total3 414.553 967.792 804.541 738.371 821.96
Balance sheet total (assets)8 239.279 520.6012 560.2611 244.849 682.52
Net debt1 089.17-81.375 918.245 691.254 882.71
Profitability
EBIT-%
ROA14.1 %35.8 %4.5 %-5.6 %3.6 %
ROE25.6 %65.8 %7.8 %-33.5 %4.7 %
ROI25.2 %73.3 %7.7 %-8.2 %5.3 %
Economic value added (EVA)879.282 271.01136.97- 811.077.30
Solvency
Equity ratio42.5 %41.7 %22.3 %15.5 %18.8 %
Gearing33.6 %1.1 %212.2 %330.1 %269.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.90.60.60.70.7
Current ratio1.61.51.21.31.3
Cash and cash equivalents58.08125.0832.4346.7333.97
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBBBB

Variable visualization

ROA:3.59%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:18.8%
Rating: 18/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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