Drivecation ApS — Credit Rating and Financial Key Figures

Drivecation ApS (CVR number: 41904569) is a company from GLADSAXE. The company recorded a gross profit of 346.1 kDKK in 2023. The operating profit was 5.2 kDKK, while net earnings were 5.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.9 %, which can be considered good and Return on Equity (ROE) was 13.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at -19.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Drivecation ApS's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.