GRANDPRIX ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About GRANDPRIX ApS
GRANDPRIX ApS (CVR number: 21253847) is a company from GRIBSKOV. The company recorded a gross profit of 75.9 kDKK in 2023. The operating profit was -824.3 kDKK, while net earnings were -908.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -22.3 %, which can be considered poor and Return on Equity (ROE) was -35.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 65.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. GRANDPRIX ApS's liquidity measured by quick ratio was 1.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -53.82 | 1 224.66 | 1 114.65 | 1 044.46 | 75.86 |
EBIT | - 496.15 | 768.11 | 453.59 | - 136.29 | - 824.26 |
Net earnings | - 428.38 | 709.05 | 461.88 | -41.54 | - 908.54 |
Shareholders equity total | 2 687.54 | 3 176.59 | 3 412.47 | 3 142.13 | 2 005.59 |
Balance sheet total (assets) | 4 622.70 | 4 507.00 | 4 746.67 | 3 952.82 | 3 059.92 |
Net debt | -1 976.77 | -1 710.84 | -2 457.29 | - 999.44 | - 424.36 |
Profitability | |||||
EBIT-% | |||||
ROA | -7.7 % | 17.4 % | 10.6 % | -0.5 % | -22.3 % |
ROE | -14.8 % | 24.2 % | 14.0 % | -1.3 % | -35.3 % |
ROI | -14.5 % | 27.1 % | 14.9 % | -0.6 % | -28.8 % |
Economic value added (EVA) | - 516.99 | 791.75 | 439.29 | - 124.93 | - 867.94 |
Solvency | |||||
Equity ratio | 58.1 % | 70.5 % | 73.1 % | 79.5 % | 65.5 % |
Gearing | 2.9 % | 9.4 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.7 | 2.5 | 2.8 | 3.4 | 1.8 |
Current ratio | 1.7 | 2.5 | 2.7 | 3.4 | 1.8 |
Cash and cash equivalents | 1 976.77 | 1 710.84 | 2 457.29 | 1 091.62 | 612.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | A | A | BBB | BBB |
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