MB Racing ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 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) | 2 770.42 | 2 871.62 | 739.41 | 466.72 | 173.12 |
Net debt | 4 318.54 | 5 168.21 | 4 514.57 | 4 554.43 | 4 496.24 |
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 | - 764.10 | 6.34 | 39.69 |
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 ratio | 0.1 | 0.4 | 0.1 | 0.1 | 5.1 |
Current ratio | 0.1 | 0.4 | 0.1 | 0.1 | 7.0 |
Cash and cash equivalents | 4.12 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | BB | BB | B |
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