CORSICA RENT A CAR : revenue, balance sheet and financial ratios

CORSICA RENT A CAR is a French company founded 22 years ago, specialized in the sector Location de courte durée de voitures et de véhicules automobiles légers. Based in LUCCIANA (20290), this company of category PME shows in 2024 a revenue of 9.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - CORSICA RENT A CAR (SIREN 449222462)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 9 628 752 € 8 689 957 € 14 203 368 € 14 904 551 € 8 097 230 € 8 908 715 € 6 267 877 € 5 845 980 € 5 192 570 €
Net income 19 472 € 34 919 € 15 828 € 294 139 € 31 671 € 6 695 € 11 924 € 84 785 € 63 272 €
EBITDA 64 131 € 550 592 € 504 495 € 1 322 102 € 561 607 € 422 342 € 343 143 € 382 415 € 294 435 €
Net margin 0.2% 0.4% 0.1% 2.0% 0.4% 0.1% 0.2% 1.5% 1.2%

Revenue and income statement

In 2024, CORSICA RENT A CAR achieves revenue of 9.6 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +8.0%. Vs 2023, growth of +11% (8.7 M€ -> 9.6 M€). After deducting consumption (116 k€), gross margin stands at 9.5 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 64 k€, representing 0.7% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -88%, reducing margin by 5.7 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 19 k€, i.e. 0.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

9 628 752 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

9 512 757 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

64 131 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

20 060 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

19 472 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.7%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 8%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

8.266%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

14.44%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-7.001%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-0.058

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

75.1%

Solvency indicators evolution
CORSICA RENT A CAR

Sector positioning

Debt ratio
8.27 2024
2022
2023
2024
Q1: 0.0
Med: 14.45
Q3: 116.73
Good

In 2024, the debt ratio of CORSICA RENT A CAR (8.27) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
14.44% 2024
2022
2023
2024
Q1: 0.15%
Med: 21.18%
Q3: 49.34%
Average +17 pts over 3 years

In 2024, the financial autonomy of CORSICA RENT A CAR (14.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-0.06 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 2.23 years
Excellent

In 2024, the repayment capacity of CORSICA RENT A CAR (-0.06) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 84.78. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 0.9x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

84.783

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

0.917

Liquidity indicators evolution
CORSICA RENT A CAR

Sector positioning

Liquidity ratio
84.78 2024
2022
2023
2024
Q1: 75.35
Med: 177.21
Q3: 352.29
Average

In 2024, the liquidity ratio of CORSICA RENT A CAR (84.78) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
0.92x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 6.61x
Good -22 pts over 3 years

In 2024, the interest coverage of CORSICA RENT A CAR (0.9x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 21 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 76 days. Excellent situation: suppliers finance 55 days of the operating cycle (retail model). Overall, WCR represents 70 days of revenue, i.e. 1.9 M€ to permanently finance.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

1 862 971 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

21 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

76 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

70 j

WCR and payment terms evolution
CORSICA RENT A CAR

Positioning of CORSICA RENT A CAR in its sector

Comparison with sector Location de courte durée de voitures et de véhicules automobiles légers

Valuation estimate

Based on 276 transactions of similar company sales (all years), the value of CORSICA RENT A CAR is estimated at 7 171 926 € (range 1 652 942€ - 9 427 720€). With an EBITDA of 64 131€, the sector multiple of 11.9x is applied. The price/revenue ratio is 2.33x (premium valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2024
276 transactions
1652k€ 7171k€ 9427k€
7 171 926 € Range: 1 652 942€ - 9 427 720€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
64 131 € × 11.9x
Estimation 766 265 €
155 822€ - 1 042 623€
Revenue Multiple 30%
9 628 752 € × 2.33x
Estimation 22 469 962 €
5 246 139€ - 29 218 354€
Net Income Multiple 20%
19 472 € × 12.3x
Estimation 239 026 €
5 947€ - 704 515€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 276 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Location de courte durée de voitures et de véhicules automobiles légers)

Compare CORSICA RENT A CAR with other companies in the same sector:

Voir toutes les statistiques du secteur Location de courte durée de voitures et de véhicules automobiles légers

Frequently asked questions about CORSICA RENT A CAR

What is the revenue of CORSICA RENT A CAR ?

The revenue of CORSICA RENT A CAR in 2024 is 9.6 M€.

Is CORSICA RENT A CAR profitable?

Yes, CORSICA RENT A CAR generated a net profit of 19 k€ in 2024.

Where is the headquarters of CORSICA RENT A CAR ?

The headquarters of CORSICA RENT A CAR is located in LUCCIANA (20290).

Where to find the tax return of CORSICA RENT A CAR ?

The tax return of CORSICA RENT A CAR is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does CORSICA RENT A CAR operate?

CORSICA RENT A CAR operates in the sector Location de courte durée de voitures et de véhicules automobiles légers (NAF code 77.11A). See the 'Sector positioning' section above to compare the company with its competitors.