Race for Oceans Technology ApS — Credit Rating and Financial Key Figures

Race for Oceans Technology ApS (CVR number: 43933760) is a company from HJØRRING. The company recorded a gross profit of -19.3 kDKK in 2023. The operating profit was -19.3 kDKK, while net earnings were -19.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -50 %, which can be considered poor and Return on Equity (ROE) was -93.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 53.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Race for Oceans Technology ApS's liquidity measured by quick ratio was 2.1 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.