MATCH RACING DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MATCH RACING DENMARK ApS
MATCH RACING DENMARK ApS (CVR number: 19758796) is a company from MIDDELFART. The company recorded a gross profit of 135.5 kDKK in 2024. The operating profit was -34.6 kDKK, while net earnings were -38.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2 %, which can be considered poor and Return on Equity (ROE) was -3.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 71.8 %, 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. MATCH RACING DENMARK ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 71.29 | 525.65 | 191.41 | 276.26 | 135.54 |
EBIT | - 118.91 | 390.89 | 106.04 | 100.47 | -34.63 |
Net earnings | -94.48 | 301.54 | 98.49 | 78.05 | -38.42 |
Shareholders equity total | 1 315.99 | 1 617.53 | 1 716.03 | 1 214.07 | 1 175.65 |
Balance sheet total (assets) | 1 778.26 | 2 074.64 | 2 202.46 | 1 780.14 | 1 638.02 |
Net debt | - 385.46 | - 903.43 | - 396.33 | - 280.15 | - 283.32 |
Profitability | |||||
EBIT-% | |||||
ROA | -5.7 % | 20.3 % | 5.0 % | 5.0 % | -2.0 % |
ROE | -6.9 % | 20.6 % | 5.9 % | 5.3 % | -3.2 % |
ROI | -6.9 % | 23.3 % | 5.6 % | 6.0 % | -2.5 % |
Economic value added (EVA) | - 188.06 | 227.93 | 13.32 | -18.65 | - 107.04 |
Solvency | |||||
Equity ratio | 74.0 % | 78.0 % | 77.9 % | 68.2 % | 71.8 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.7 | 3.9 | 1.9 | 0.8 | 1.2 |
Current ratio | 1.7 | 3.9 | 1.9 | 0.8 | 1.2 |
Cash and cash equivalents | 385.46 | 903.43 | 396.33 | 280.15 | 283.32 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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