suitrace ApS — Credit Rating and Financial Key Figures

CVR number: 38828630
Udbyhøjvej 64, 8930 Randers NØ
benjamin@straatech.dk
tel: 60140196
suitrace.com

Credit rating

Company information

Official name
suitrace ApS
Established
2017
Company form
Private limited company
Industry
  • Expand more icon639200

About suitrace ApS

suitrace ApS (CVR number: 38828630) is a company from RANDERS. The company recorded a gross profit of -0.2 kDKK in 2024. The operating profit was -0.2 kDKK, while net earnings were -0.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.1 %, which can be considered poor and Return on Equity (ROE) was -1.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 71.1 %, 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. suitrace ApS's liquidity measured by quick ratio was 3.5 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 sales
Gross profit-9.11-13.75-4.16-7.06-0.20
EBIT-9.11-13.75-4.16-7.06-0.20
Net earnings-7.29-10.88-3.33-5.50-0.20
Shareholders equity total- 306.58- 317.46- 320.7912.5112.31
Balance sheet total (assets)88.5633.2027.6517.6717.31
Net debt356.37319.29324.75-2.77-2.60
Profitability
EBIT-%
ROA-2.2 %-3.7 %-1.2 %-3.8 %-1.1 %
ROE-6.2 %-17.9 %-10.9 %-27.4 %-1.6 %
ROI-2.2 %-3.8 %-1.2 %-4.0 %-1.6 %
Economic value added (EVA)10.306.2312.7711.31-0.69
Solvency
Equity ratio-77.6 %-90.5 %-92.1 %70.8 %71.1 %
Gearing-126.3 %-106.7 %-105.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.10.13.43.5
Current ratio0.20.10.13.43.5
Cash and cash equivalents30.9319.5114.052.772.60
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:-1.14%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:71.1%
Rating: 54/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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