MB Racing ApS — Credit Rating and Financial Key Figures

CVR number: 40343997
Tjærebyvej 125, Tjæreby 4000 Roskilde

Credit rating

Company information

Official name
MB Racing ApS
Personnel
1 person
Established
2019
Domicile
Tjæreby
Company form
Private limited company
Industry
  • Expand more icon93Sports activities and amusement and recreation activities

About MB Racing ApS

MB Racing ApS (CVR number: 40343997) is a company from ROSKILDE. The company recorded a gross profit of -120.8 kDKK in 2023. The operating profit was -168.3 kDKK, while net earnings were -209.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.7 %, which can be considered poor and Return on Equity (ROE) was -65.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -96.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. MB Racing ApS's liquidity measured by quick ratio was 5.1 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit- 939.04- 198.37- 598.23-49.12- 120.85
EBIT-1 758.80- 858.81- 904.58- 184.53- 168.33
Net earnings-1 873.90- 971.77-1 002.64- 341.50- 209.30
Shareholders equity total-1 823.90-2 795.66-3 798.30-4 139.80-4 349.10
Balance sheet total (assets)2 770.422 871.62739.41466.72173.12
Net debt4 318.545 168.214 514.574 554.434 496.24
Profitability
EBIT-%
ROA-38.3 %-16.7 %-17.7 %-4.0 %-3.7 %
ROE-67.6 %-34.4 %-55.5 %-56.6 %-65.4 %
ROI-40.7 %-18.1 %-18.7 %-4.1 %-3.7 %
Economic value added (EVA)-1 758.80- 767.16- 764.106.3439.69
Solvency
Equity ratio-39.7 %-49.3 %-83.7 %-89.9 %-96.2 %
Gearing-236.8 %-184.9 %-118.9 %-110.0 %-103.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.40.10.15.1
Current ratio0.10.40.10.17.0
Cash and cash equivalents4.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:-3.69%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-96.2%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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