THE WAY TO BIKE ApS — Credit Rating and Financial Key Figures

THE WAY TO BIKE ApS (CVR number: 36404418) is a company from LEJRE. The company recorded a gross profit of 159.3 kDKK in 2023. The operating profit was 147.9 kDKK, while net earnings were 134.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.7 %, which can be considered excellent and Return on Equity (ROE) was 30.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 65.5 %, 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. THE WAY TO BIKE ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.