Midtjydsk Karting Bane ApS — Credit Rating and Financial Key Figures

CVR number: 37492396
Ridder Munks Vej 19, 8881 Thorsø

Credit rating

Company information

Official name
Midtjydsk Karting Bane ApS
Personnel
1 person
Established
2016
Company form
Private limited company
Industry
  • Expand more icon93Sports activities and amusement and recreation activities

About Midtjydsk Karting Bane ApS

Midtjydsk Karting Bane ApS (CVR number: 37492396) is a company from FAVRSKOV. The company recorded a gross profit of 115.3 kDKK in 2022. The operating profit was -22.5 kDKK, while net earnings were -25.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.1 %, which can be considered poor and Return on Equity (ROE) was -19.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 15.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Midtjydsk Karting Bane ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20182019202020212022
Volume
Net sales
Gross profit170.43356.31479.92231.36115.28
EBIT-47.3568.12280.1466.12-22.52
Net earnings-36.0045.08203.6036.62-25.59
Shareholders equity total80.19125.27278.87202.4862.50
Balance sheet total (assets)189.94622.83772.52673.01412.54
Net debt-89.63194.00-84.6856.5267.75
Profitability
EBIT-%
ROA-20.5 %16.8 %40.2 %9.1 %-4.1 %
ROE-36.7 %43.9 %100.8 %15.2 %-19.3 %
ROI-38.5 %27.9 %59.9 %14.4 %-8.0 %
Economic value added (EVA)-35.9954.20204.9844.60-27.76
Solvency
Equity ratio42.2 %20.1 %36.1 %30.1 %15.2 %
Gearing219.3 %79.1 %80.4 %162.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.90.51.00.50.2
Current ratio0.90.51.00.80.4
Cash and cash equivalents89.6380.66305.31106.3533.73
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:-4.15%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:15.2%
Rating: 15/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

Build time: 2024-12-21T09:42:57.160Z

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.