Copenhagen Cycles ApS — Credit Rating and Financial Key Figures

Copenhagen Cycles ApS (CVR number: 37523453) is a company from KØBENHAVN. The company recorded a gross profit of 849.8 kDKK in 2023. The operating profit was 9.3 kDKK, while net earnings were -26.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.5 %, which can be considered weak but Return on Equity (ROE) was -5.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 25.8 %, 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. Copenhagen Cycles ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.