RaceSign ApS — Credit Rating and Financial Key Figures

RaceSign ApS (CVR number: 37625051) is a company from AALBORG. The company reported a net sales of 0 mDKK in 2023, demonstrating a growth of 2.8 % compared to the previous year. The operating profit percentage was poor at -73.4 % (EBIT: -0 mDKK), while net earnings were -17.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.1 %, which can be considered poor and Return on Equity (ROE) was -43.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 21.8 %, 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. RaceSign 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.