GoRace ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 11.81 | 21.65 | -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 total | 71.63 | 63.42 | 50.74 | 41.05 | 19.56 |
Balance sheet total (assets) | 80.23 | 68.67 | 54.68 | 78.36 | 27.83 |
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 ratio | 89.3 % | 92.4 % | 92.8 % | 52.4 % | 70.3 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 5.8 | 11.9 | 13.9 | 2.1 | 3.4 |
Current ratio | 5.8 | 11.9 | 13.9 | 2.1 | 3.4 |
Cash and cash equivalents | 40.38 | 58.67 | 45.34 | 71.57 | 27.83 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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