SPEED SPORT A/S — Credit Rating and Financial Key Figures

CVR number: 17240501
Kirkevej 14, 6560 Sommersted

Credit rating

Company information

Official name
SPEED SPORT A/S
Personnel
3 persons
Established
1993
Company form
Limited company
Industry

About SPEED SPORT A/S

SPEED SPORT A/S (CVR number: 17240501) is a company from HADERSLEV. The company recorded a gross profit of 1132.3 kDKK in 2024. The operating profit was 211.9 kDKK, while net earnings were 145.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.7 %, which can be considered good but Return on Equity (ROE) was 20.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67.6 %, 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. SPEED SPORT A/S's liquidity measured by quick ratio was 6.1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-43.85204.11937.82387.491 132.33
EBIT- 523.19- 193.05176.78- 515.53211.90
Net earnings- 417.01- 155.41142.69- 401.93145.35
Shareholders equity total1 053.79898.381 041.07639.13784.49
Balance sheet total (assets)1 169.051 006.731 381.142 203.002 452.47
Net debt- 311.06- 358.51- 240.73-1 168.38- 321.13
Profitability
EBIT-%
ROA-24.9 %-17.7 %14.8 %-28.7 %9.7 %
ROE-20.7 %-15.9 %14.7 %-47.8 %20.4 %
ROI-26.0 %-19.8 %16.4 %-48.2 %23.3 %
Economic value added (EVA)- 536.84- 188.06119.63- 432.31199.08
Solvency
Equity ratio90.1 %89.2 %75.4 %63.2 %67.6 %
Gearing20.3 %37.9 %34.3 %
Relative net indebtedness %
Liquidity
Quick ratio9.89.23.15.26.1
Current ratio9.89.23.11.21.4
Cash and cash equivalents311.06358.51452.451 410.47590.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:9.69%
Rating: 56/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:67.6%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Chief executive officer

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