RACEHORSE MANAGEMENT ApS — Credit Rating and Financial Key Figures

CVR number: 29696942
Hyldestykket 1, 2970 Hørsholm
tel: 39900806

Credit rating

Company information

Official name
RACEHORSE MANAGEMENT ApS
Personnel
3 persons
Established
2006
Company form
Private limited company
Industry

About RACEHORSE MANAGEMENT ApS

RACEHORSE MANAGEMENT ApS (CVR number: 29696942) is a company from RUDERSDAL. The company recorded a gross profit of 1482.3 kDKK in 2023. The operating profit was 371.1 kDKK, while net earnings were 243.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.8 %, which can be considered good and Return on Equity (ROE) was 8.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 69.8 %, 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. RACEHORSE MANAGEMENT ApS's liquidity measured by quick ratio was 1.9 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 profit1 544.471 195.431 632.191 775.661 482.29
EBIT823.06269.10670.94790.17371.14
Net earnings623.92338.13492.64568.66243.90
Shareholders equity total1 651.331 934.162 371.512 882.973 067.96
Balance sheet total (assets)2 420.852 649.243 322.733 995.594 397.24
Net debt-1 272.77-1 359.04-1 156.87-1 588.96-1 966.13
Profitability
EBIT-%
ROA40.3 %10.7 %22.7 %21.7 %8.8 %
ROE46.6 %18.9 %22.9 %21.6 %8.2 %
ROI59.8 %14.8 %31.4 %30.0 %12.4 %
Economic value added (EVA)587.82104.65425.97496.19143.40
Solvency
Equity ratio68.2 %73.0 %71.4 %72.2 %69.8 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio2.22.71.72.01.9
Current ratio2.22.71.72.01.9
Cash and cash equivalents1 272.771 359.041 156.871 588.961 966.13
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBBBBABBB

Variable visualization

ROA:8.85%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:69.8%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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