Starracing ApS — Credit Rating and Financial Key Figures

Starracing ApS (CVR number: 37320331) is a company from SØNDERBORG. The company recorded a gross profit of 14.2 kDKK in 2023. The operating profit was -34.1 kDKK, while net earnings were -27.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -10.1 %, which can be considered poor and Return on Equity (ROE) was -11.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -28.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Starracing ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.