Cyclingconcept IVS — Credit Rating and Financial Key Figures

Cyclingconcept IVS (CVR number: 38710680) is a company from SILKEBORG. The company reported a net sales of 0 mDKK in 2020, demonstrating a decline of -56.4 % compared to the previous year. The operating profit percentage was poor at -33.9 % (EBIT: -0 mDKK), while net earnings were -11.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -18.4 %, which can be considered poor and Return on Equity (ROE) was -37 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -2.5 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Cyclingconcept IVS's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.