DEN ERHVERVSDRIVENDE FOND RING DJURSLAND MOTORSPORT — Credit Rating and Financial Key Figures

CVR number: 28113293
Storegade 9, 8500 Grenaa
oh@zacheradvokater.dk
tel: 20748104

Credit rating

Company information

Official name
DEN ERHVERVSDRIVENDE FOND RING DJURSLAND MOTORSPORT
Established
2004
Industry
  • Expand more icon93Sports activities and amusement and recreation activities

About DEN ERHVERVSDRIVENDE FOND RING DJURSLAND MOTORSPORT

DEN ERHVERVSDRIVENDE FOND RING DJURSLAND MOTORSPORT (CVR number: 28113293) is a company from NORDDJURS. The company recorded a gross profit of 57 kDKK in 2023. The operating profit was 57 kDKK, while net earnings were 56.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.3 %, which can be considered excellent and Return on Equity (ROE) was 47.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 60.9 %, 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. DEN ERHVERVSDRIVENDE FOND RING DJURSLAND MOTORSPORT's liquidity measured by quick ratio was 2.6 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit271.3951.79304.87121.6057.03
EBIT253.8916.79269.8786.6057.03
Net earnings188.39-17.64218.1968.5556.90
Shareholders equity total- 177.97- 195.6122.5891.13148.03
Balance sheet total (assets)185.41158.22338.78207.35243.12
Net debt215.20207.52- 125.67- 195.74- 180.92
Profitability
EBIT-%
ROA54.6 %4.7 %77.9 %31.7 %25.3 %
ROE97.6 %-10.3 %241.4 %120.6 %47.6 %
ROI71.3 %6.0 %117.8 %62.7 %47.7 %
Economic value added (EVA)248.9229.33254.8991.8862.29
Solvency
Equity ratio-50.3 %-55.3 %6.7 %43.9 %60.9 %
Gearing-161.2 %-139.6 %719.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.21.01.82.6
Current ratio0.20.21.01.82.6
Cash and cash equivalents71.6965.57288.18195.74180.92
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:25.3%
Rating: 81/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:60.9%
Rating: 47/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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