Tonax A/S

Tonax A/S (CVR number: 29627681) is a company from SKANDERBORG. The company recorded a gross profit of 10.8 mDKK in 2023. The operating profit was 3028.8 kDKK, while net earnings were 2186 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.8 %, which can be considered excellent and Return on Equity (ROE) was 48.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26 %, 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. Tonax A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.