AF RACING ApS — Credit Rating and Financial Key Figures

CVR number: 35651934
Lindevej 24, 4030 Tune
bent@fasberg.dk
tel: 29896666
Free credit report Annual report

Credit rating

Company information

Official name
AF RACING ApS
Personnel
2 persons
Established
2014
Company form
Private limited company
Industry

About AF RACING ApS

AF RACING ApS (CVR number: 35651934) is a company from GREVE. The company recorded a gross profit of 342 kDKK in 2024. The operating profit was 108.3 kDKK, while net earnings were 83.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.9 %, which can be considered excellent and Return on Equity (ROE) was 22.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 75.9 %, 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. AF RACING ApS's liquidity measured by quick ratio was 4 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 profit56.39181.7232.7131.19342.02
EBIT43.56181.7232.7131.19108.30
Net earnings34.05137.9022.2123.9583.64
Shareholders equity total141.76279.66301.87325.82409.46
Balance sheet total (assets)239.79582.70567.65473.66618.19
Net debt- 166.40- 481.11- 354.14- 316.19- 458.94
Profitability
EBIT-%
ROA14.8 %44.2 %5.7 %6.0 %19.9 %
ROE27.3 %65.4 %7.6 %7.6 %22.8 %
ROI29.3 %86.2 %11.2 %9.9 %29.5 %
Economic value added (EVA)27.38133.6010.509.0767.71
Solvency
Equity ratio59.1 %71.3 %67.6 %71.9 %75.9 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio2.28.04.13.84.0
Current ratio2.72.22.23.32.5
Cash and cash equivalents166.40481.11354.14316.19458.94
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:19.9%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:75.9%
Rating: 57/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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