Formel A ApS — Credit Rating and Financial Key Figures

CVR number: 37279765
Esplanaden 1, 1263 København K
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Credit rating

Company information

Official name
Formel A ApS
Personnel
28 persons
Established
2015
Company form
Private limited company
Industry

About Formel A ApS

Formel A ApS (CVR number: 37279765) is a company from KØBENHAVN. The company recorded a gross profit of 12.8 mDKK in 2024. The operating profit was 3201.4 kDKK, while net earnings were 2169.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.2 %, which can be considered excellent and Return on Equity (ROE) was 74.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Formel A ApS's liquidity measured by quick ratio was 2.5 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 880.479 385.469 470.9810 165.5812 828.56
EBIT1 318.776 606.405 135.313 310.163 201.45
Net earnings1 014.883 878.824 733.512 054.492 169.77
Shareholders equity total1 144.575 023.399 756.901 811.403 981.16
Balance sheet total (assets)9 742.9118 747.2020 381.1717 469.6521 990.22
Net debt-2 285.35-7 198.03-1 823.94-3 167.06-6 404.53
Profitability
EBIT-%
ROA26.6 %46.4 %31.0 %17.5 %16.2 %
ROE159.3 %125.8 %64.1 %35.5 %74.9 %
ROI204.3 %211.0 %80.9 %56.4 %108.6 %
Economic value added (EVA)1 017.764 749.643 911.011 934.402 311.87
Solvency
Equity ratio30.5 %35.4 %56.4 %26.6 %38.6 %
Gearing1.0 %1.1 %0.7 %
Relative net indebtedness %
Liquidity
Quick ratio2.91.61.92.22.5
Current ratio1.01.21.71.01.1
Cash and cash equivalents2 285.357 198.031 923.433 186.696 432.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:16.2%
Rating: 68/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.6%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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