TITAN APS

CVR number: 33647417
Odinsvej 26, 4100 Ringsted
tel: 40782600

Credit rating

Company information

Official name
TITAN APS
Established
1971
Company form
Private limited company
Industry
  • Expand more icon64Financial service activities, except insurance and pension funding

About TITAN APS

TITAN APS (CVR number: 33647417) is a company from RINGSTED. The company recorded a gross profit of 0 kDKK in 2023. The operating profit was -186.1 kDKK, while net earnings were 16.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 22.5 %, which can be considered excellent and Return on Equity (ROE) was 23.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 99 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TITAN APS's liquidity measured by quick ratio was 31.1 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales254 776.04211 877.84
Gross profit45 150.2838 878.82
EBIT5 205.909 009.93- 218.47- 273.26- 186.13
Net earnings2 587.815 876.308 801.0610 370.4516 432.87
Shareholders equity total44 190.7946 489.8450 590.8359 162.2879 662.37
Balance sheet total (assets)140 184.71125 457.7556 191.0067 218.9480 446.79
Net debt46 950.3036 796.685 550.177 805.91- 421.01
Profitability
EBIT-%2.0 %4.3 %
ROA3.7 %6.7 %9.8 %17.1 %22.5 %
ROE5.9 %13.0 %18.1 %18.9 %23.7 %
ROI4.8 %8.2 %11.1 %17.1 %22.6 %
Economic value added (EVA)290.893 391.87-3 773.061 802.841 577.81
Solvency
Equity ratio31.5 %37.1 %90.0 %88.0 %99.0 %
Gearing106.4 %79.4 %11.0 %13.5 %0.0 %
Relative net indebtedness %33.1 %31.5 %
Liquidity
Quick ratio0.40.40.00.131.1
Current ratio1.21.20.00.131.1
Cash and cash equivalents76.39110.39187.71423.30
Capital use efficiency
Trade debtors turnover (days)21.412.7
Net working capital %3.6 %2.9 %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:22.5%
Rating: 78/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.0%
Rating: 85/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board

Companies in the same industry

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