HIGH CLASS RACING ApS — Credit Rating and Financial Key Figures

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.