Hovedgaden Tinglev ApS — Credit Rating and Financial Key Figures

CVR number: 38617656
Svinget 1, Hjordkær 6230 Rødekro

Credit rating

Company information

Official name
Hovedgaden Tinglev ApS
Established
2017
Domicile
Hjordkær
Company form
Private limited company
Industry

About Hovedgaden Tinglev ApS

Hovedgaden Tinglev ApS (CVR number: 38617656) is a company from AABENRAA. The company recorded a gross profit of 137.9 kDKK in 2024. The operating profit was 120.7 kDKK, while net earnings were 61.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.1 %, which can be considered good but Return on Equity (ROE) was 28.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 18.2 %, 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. Hovedgaden Tinglev ApS's liquidity measured by quick ratio was 0.4 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit109.62106.9655.9377.67137.87
EBIT94.4391.7740.7461.10120.66
Net earnings43.3741.38-0.3414.6261.06
Shareholders equity total130.03171.41171.06185.69246.74
Balance sheet total (assets)1 318.851 331.601 301.211 308.541 358.25
Net debt884.11833.73812.51774.83673.04
Profitability
EBIT-%
ROA7.3 %6.9 %3.1 %4.7 %9.1 %
ROE40.0 %27.5 %-0.2 %8.2 %28.2 %
ROI8.8 %8.3 %3.7 %5.7 %11.3 %
Economic value added (EVA)17.8914.17-15.16-11.3838.17
Solvency
Equity ratio9.9 %12.9 %13.1 %14.2 %18.2 %
Gearing740.9 %549.0 %528.9 %469.2 %337.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.30.30.30.4
Current ratio0.20.30.30.30.4
Cash and cash equivalents79.23107.2592.1996.49159.04
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:9.06%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:18.2%
Rating: 17/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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