Recars ApS — Credit Rating and Financial Key Figures

Recars ApS (CVR number: 44385171) is a company from VEJLE. The company recorded a gross profit of 1477.5 kDKK in 2024. The operating profit was 1071.6 kDKK, while net earnings were 709.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.1 %, which can be considered excellent and Return on Equity (ROE) was 94.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Recars ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.