Cars A/S — Credit Rating and Financial Key Figures

CVR number: 10680891
Axel Kiers Vej 13, 8270 Højbjerg
bogholderi@viabiler.dk
tel: 43209001
cars.dk
Free credit report Annual report

Credit rating

Company information

Official name
Cars A/S
Personnel
9 persons
Established
1987
Company form
Limited company
Industry

About Cars A/S

Cars A/S (CVR number: 10680891) is a company from AARHUS. The company recorded a gross profit of 11.6 mDKK in 2024. The operating profit was 6790.8 kDKK, while net earnings were 4633.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.7 %, which can be considered excellent and Return on Equity (ROE) was 95.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 24.5 %, 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. Cars A/S's liquidity measured by quick ratio was 0.6 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit4 292.254 485.454 797.34795.7411 609.56
EBIT-1 918.87426.561 504.76-1 599.186 790.80
Net earnings-1 988.0718.621 188.11-1 705.624 633.54
Shareholders equity total2 511.463 030.084 218.182 512.567 146.10
Balance sheet total (assets)30 856.4723 052.6520 920.3618 189.8829 222.07
Net debt24 057.2816 885.4013 446.2014 475.6618 648.48
Profitability
EBIT-%
ROA-5.4 %1.7 %7.1 %-8.1 %28.7 %
ROE-66.1 %0.7 %32.8 %-50.7 %95.9 %
ROI-6.0 %2.0 %8.2 %-8.9 %31.3 %
Economic value added (EVA)-3 381.68- 902.86492.95-2 134.085 354.05
Solvency
Equity ratio8.1 %13.2 %20.2 %13.8 %24.5 %
Gearing968.4 %564.5 %328.3 %598.2 %263.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.40.40.40.6
Current ratio1.01.11.21.11.3
Cash and cash equivalents262.57220.06402.67555.08186.52
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:28.7%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:24.5%
Rating: 22/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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