Nordic Racing ApS — Credit Rating and Financial Key Figures

CVR number: 38385054
Ulvehavevej 9 C, 7100 Vejle
jesperege@outlook.dk
tel: 60510154

Company information

Official name
Nordic Racing ApS
Established
2017
Company form
Private limited company
Industry

About Nordic Racing ApS

Nordic Racing ApS (CVR number: 38385054) is a company from VEJLE. The company recorded a gross profit of 18.8 kDKK in 2024. The operating profit was 18.8 kDKK, while net earnings were 19.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 95.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.2 %, 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. Nordic Racing ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-30.432.26-6.9729.9218.79
EBIT-30.432.26-6.9729.9218.79
Net earnings-30.601.89-7.8029.9619.07
Shareholders equity total-13.59-11.70-19.5010.4529.52
Balance sheet total (assets)72.36100.36211.61131.11145.83
Net debt-72.36- 100.36-11.61- 131.11- 145.83
Profitability
EBIT-%
ROA-25.0 %2.3 %-4.1 %16.5 %13.6 %
ROE-68.5 %2.2 %-5.0 %27.0 %95.4 %
ROI-357.8 %572.4 %94.0 %
Economic value added (EVA)-31.282.94-6.3830.9018.27
Solvency
Equity ratio-15.8 %-10.4 %-8.4 %8.0 %20.2 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio0.80.90.11.11.3
Current ratio0.80.90.91.11.3
Cash and cash equivalents72.36100.3611.61131.11145.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:13.6%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:20.2%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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