HIGH CLASS RACING ApS — Credit Rating and Financial Key Figures

CVR number: 34705038
Følfodvej 3, 9310 Vodskov
INFO@FJORDBACH.DK
tel: 29647650

Credit rating

Company information

Official name
HIGH CLASS RACING ApS
Personnel
2 persons
Established
2012
Company form
Private limited company
Industry

About HIGH CLASS RACING ApS

HIGH CLASS RACING ApS (CVR number: 34705038) is a company from AALBORG. The company recorded a gross profit of 493.7 kDKK in 2022. The operating profit was 490.2 kDKK, while net earnings were 387.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak but Return on Equity (ROE) was 15.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. HIGH CLASS RACING ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit49.02911.57818.39- 536.98493.70
EBIT49.02223.822.97- 843.04490.24
Net earnings- 150.9971.25-10.57- 674.80387.59
Shareholders equity total2 994.013 065.263 054.682 379.882 767.47
Balance sheet total (assets)15 368.0014 771.398 299.3414 109.7213 855.92
Net debt10 660.245 887.22706.538 782.346 778.35
Profitability
EBIT-%
ROA0.3 %1.5 %0.0 %-7.5 %3.6 %
ROE-4.9 %2.4 %-0.3 %-24.8 %15.1 %
ROI0.4 %1.7 %0.1 %-8.7 %3.7 %
Economic value added (EVA)-41.4375.62-31.35- 728.99396.53
Solvency
Equity ratio19.5 %20.8 %43.9 %16.9 %20.0 %
Gearing400.7 %270.2 %76.7 %481.4 %395.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.40.80.50.6
Current ratio1.21.01.11.21.2
Cash and cash equivalents1 336.372 393.601 635.752 674.874 167.15
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:3.64%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:20.0%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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