Classic Tyres ApS — Credit Rating and Financial Key Figures

Classic Tyres ApS (CVR number: 36691301) is a company from RUDERSDAL. The company reported a net sales of 0.9 mDKK in 2023, demonstrating a growth of 338.6 % compared to the previous year. The operating profit percentage was at 3.7 % (EBIT: 0 mDKK), while net earnings were 60.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was 18.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Classic Tyres ApS's liquidity measured by quick ratio was 7.6 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.