TCB Rasser Racing ApS — Credit Rating and Financial Key Figures

CVR number: 36691654
Hedegårdsvej 2, Faurskov 6670 Holsted

Credit rating

Company information

Official name
TCB Rasser Racing ApS
Personnel
1 person
Established
2015
Domicile
Faurskov
Company form
Private limited company
Industry
  • Expand more icon93Sports activities and amusement and recreation activities

About TCB Rasser Racing ApS

TCB Rasser Racing ApS (CVR number: 36691654) is a company from VEJEN. The company recorded a gross profit of 2079 kDKK in 2023. The operating profit was 1734.3 kDKK, while net earnings were 1356.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 87.1 %, which can be considered excellent and Return on Equity (ROE) was 71.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 94.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TCB Rasser Racing ApS's liquidity measured by quick ratio was 13 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 profit279.69490.38506.41871.172 079.02
EBIT146.52325.40351.55725.761 734.27
Net earnings107.06235.62279.65534.381 356.21
Shareholders equity total259.55495.17774.821 252.002 549.31
Balance sheet total (assets)553.07650.28987.001 282.092 704.99
Net debt-87.78- 348.70- 559.10-1 035.74-1 378.40
Profitability
EBIT-%
ROA28.2 %54.1 %42.9 %64.0 %87.1 %
ROE52.0 %62.4 %44.0 %52.7 %71.4 %
ROI32.5 %61.6 %52.7 %71.3 %90.6 %
Economic value added (EVA)115.69253.85261.34553.951 339.33
Solvency
Equity ratio46.9 %76.1 %78.5 %97.7 %94.2 %
Gearing94.5 %11.4 %1.0 %0.1 %0.3 %
Relative net indebtedness %
Liquidity
Quick ratio1.63.94.540.513.0
Current ratio1.63.94.540.513.0
Cash and cash equivalents333.03405.34566.571 037.441 386.03
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:87.1%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:94.2%
Rating: 75/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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