RacingCUBE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About RacingCUBE ApS
RacingCUBE ApS (CVR number: 37200247) is a company from Brønderslev. The company reported a net sales of 0.1 mDKK in 2024, demonstrating a decline of -72.1 % compared to the previous year. The operating profit percentage was poor at -49.1 % (EBIT: -0 mDKK), while net earnings were -137.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -13.8 %, which can be considered poor and Return on Equity (ROE) was -75.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 59.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. RacingCUBE ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 300.64 | 84.00 | |||
| Gross profit | -38.67 | 110.32 | -13.08 | -6.74 | 33.41 |
| EBIT | - 153.93 | -8.18 | - 152.18 | - 106.11 | -41.26 |
| Net earnings | - 124.54 | -21.02 | - 135.30 | -85.18 | - 137.69 |
| Shareholders equity total | 492.43 | 471.41 | 336.10 | 250.93 | 113.24 |
| Balance sheet total (assets) | 618.78 | 558.73 | 347.60 | 404.84 | 189.42 |
| Net debt | - 137.63 | - 151.98 | -48.52 | - 135.64 | -4.04 |
| Profitability | |||||
| EBIT-% | -35.3 % | -49.1 % | |||
| ROA | -19.2 % | -1.4 % | -33.6 % | -28.2 % | -13.8 % |
| ROE | -22.5 % | -4.4 % | -33.5 % | -29.0 % | -75.6 % |
| ROI | -27.8 % | -1.7 % | -37.7 % | -36.1 % | -22.0 % |
| Economic value added (EVA) | - 151.66 | -34.20 | - 154.63 | - 101.90 | -41.91 |
| Solvency | |||||
| Equity ratio | 79.6 % | 84.4 % | 96.7 % | 62.0 % | 59.8 % |
| Gearing | 0.1 % | 6.6 % | |||
| Relative net indebtedness % | 6.0 % | 77.0 % | |||
| Liquidity | |||||
| Quick ratio | 2.2 | 2.8 | 12.7 | 1.6 | 0.5 |
| Current ratio | 3.4 | 4.2 | 21.4 | 2.5 | 2.5 |
| Cash and cash equivalents | 137.63 | 151.98 | 48.52 | 135.81 | 11.47 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 78.1 % | 134.8 % | |||
| Credit risk | |||||
| Credit rating | BB | BB | BB | B | BB |
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