Twenty Racing ApS — Credit Rating and Financial Key Figures

Twenty Racing ApS (CVR number: 42420298) is a company from KØBENHAVN. The company recorded a gross profit of 11.8 mDKK in 2023. The operating profit was 8323.3 kDKK, while net earnings were 6495.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 83.2 %, which can be considered excellent and Return on Equity (ROE) was 96.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 72.4 %, 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. Twenty Racing ApS's liquidity measured by quick ratio was 3.6 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.