2M Cycling Elite ApS

CVR number: 43618830
Rådhusvej 51, 4640 Faxe
martinflindt@2mcycling.com

Credit rating

Company information

Official name
2M Cycling Elite ApS
Established
2022
Company form
Private limited company
Industry
  • Expand more icon93Sports activities and amusement and recreation activities

About 2M Cycling Elite ApS

2M Cycling Elite ApS (CVR number: 43618830) is a company from FAXE. The company recorded a gross profit of -6.5 kDKK in 2023. The operating profit was -12.6 kDKK, while net earnings were -10.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.1 %, which can be considered poor and Return on Equity (ROE) was -36.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 5 %, 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. 2M Cycling Elite 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2023
Volume
Net sales
Gross profit-6.50
EBIT-12.64
Net earnings-10.62
Shareholders equity total29.38
Balance sheet total (assets)591.23
Net debt- 332.44
Profitability
EBIT-%
ROA-2.1 %
ROE-36.2 %
ROI-42.5 %
Economic value added (EVA)-10.75
Solvency
Equity ratio5.0 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio0.7
Current ratio1.0
Cash and cash equivalents332.44
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingB

Variable visualization

ROA:-2.11%
Rating: 18/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:4.97%
Rating: 5/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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