Classic Tyres ApS — Credit Rating and Financial Key Figures

CVR number: 36691301
Skodsborg Strandvej 142, 2942 Skodsborg
jn@classictyres.dk
tel: 44662903

Credit rating

Company information

Official name
Classic Tyres ApS
Personnel
1 person
Established
2015
Company form
Private limited company
Industry

About Classic Tyres ApS

Classic Tyres ApS (CVR number: 36691301) is a company from RUDERSDAL. The company recorded a gross profit of 6650.5 kDKK in 2024. The operating profit was 6650.5 kDKK, while net earnings were 4514 kDKK. The profitability of the company measured by Return on Assets (ROA) was 70.8 %, which can be considered excellent and Return on Equity (ROE) was 62.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 71 %, 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. Classic Tyres ApS's liquidity measured by quick ratio was 3.1 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
2020
2021
2022
2023
2024
Volume
Net sales2 037.12187.01
Gross profit180.44187.01211.006 461.006 650.48
EBIT51.35152.4170.006 461.006 650.48
Net earnings40.624.0858.004 809.004 513.96
Shareholders equity total253.5954.08108.004 918.009 431.81
Balance sheet total (assets)352.74485.801 110.006 465.0013 279.21
Net debt0.37-10.40-41.00-8.00-70.43
Profitability
EBIT-%2.5 %81.5 %
ROA14.8 %36.4 %9.3 %173.7 %70.8 %
ROE16.8 %2.7 %71.6 %191.4 %62.9 %
ROI21.2 %99.0 %91.3 %261.7 %97.2 %
Economic value added (EVA)28.44106.1452.155 005.214 910.58
Solvency
Equity ratio71.9 %11.1 %9.7 %76.1 %71.0 %
Gearing0.1 %0.3 %
Relative net indebtedness %1.0 %225.3 %
Liquidity
Quick ratio0.41.13.73.1
Current ratio18.01.11.14.23.4
Cash and cash equivalents10.4041.008.00102.74
Capital use efficiency
Trade debtors turnover (days)328.8
Net working capital %16.4 %29.5 %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:70.8%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:71.0%
Rating: 54/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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