Touring Car Denmark ApS — Credit Rating and Financial Key Figures

Touring Car Denmark ApS (CVR number: 40742026) is a company from Høje-Taastrup. The company recorded a gross profit of 553.3 kDKK in 2023. The operating profit was 259.8 kDKK, while net earnings were 248.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 27 %, which can be considered excellent and Return on Equity (ROE) was 42.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -28.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Touring Car Denmark ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.