GoRace ApS — Credit Rating and Financial Key Figures

CVR number: 37464414
Snogegårdsvej 17, 2820 Gentofte
info@gorace.dk
www.gorace.dk

Company information

Official name
GoRace ApS
Established
2016
Company form
Private limited company
Industry

About GoRace ApS

GoRace ApS (CVR number: 37464414) is a company from GENTOFTE. The company recorded a gross profit of -14.7 kDKK in 2023. The operating profit was -14.7 kDKK, while net earnings were -21.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -27.7 %, which can be considered poor and Return on Equity (ROE) was -70.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 70.3 %, 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. GoRace ApS's liquidity measured by quick ratio was 3.4 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 profit11.8121.65-11.55-10.75-14.70
EBIT-12.19-2.35-17.55-10.75-14.70
Net earnings-9.89-8.21-12.69-9.69-21.49
Shareholders equity total71.6363.4250.7441.0519.56
Balance sheet total (assets)80.2368.6754.6878.3627.83
Net debt-40.38-58.67-45.34-71.57-27.83
Profitability
EBIT-%
ROA-12.3 %-3.2 %-28.5 %-16.1 %-27.7 %
ROE-12.9 %-12.2 %-22.2 %-21.1 %-70.9 %
ROI-15.9 %-3.5 %-30.7 %-23.4 %-48.5 %
Economic value added (EVA)-10.62-3.92-12.60-9.62-8.90
Solvency
Equity ratio89.3 %92.4 %92.8 %52.4 %70.3 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio5.811.913.92.13.4
Current ratio5.811.913.92.13.4
Cash and cash equivalents40.3858.6745.3471.5727.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:-27.7%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.3%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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