Racket Group A/S — Credit Rating and Financial Key Figures

Racket Group A/S (CVR number: 41874864) is a company from FREDERIKSHAVN. The company recorded a gross profit of 14.6 mDKK in 2023. The operating profit was 6943.9 kDKK, while net earnings were 4150.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.8 %, which can be considered excellent and Return on Equity (ROE) was 37 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32.9 %, 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. Racket Group A/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.