Racing Promotion ApS — Credit Rating and Financial Key Figures

Racing Promotion ApS (CVR number: 37452890) is a company from SORØ. The company recorded a gross profit of -42.8 kDKK in 2023. The operating profit was -42.8 kDKK, while net earnings were -46.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -23.4 %, which can be considered poor and Return on Equity (ROE) was -41.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -38 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Racing Promotion 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.