T.T. HOLDING, VORBASSE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About T.T. HOLDING, VORBASSE A/S
T.T. HOLDING, VORBASSE A/S (CVR number: 28985304) is a company from BILLUND. The company recorded a gross profit of -24.4 kDKK in 2024. The operating profit was -24.4 kDKK, while net earnings were 2920.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.4 %, which can be considered excellent and Return on Equity (ROE) was 15.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 89.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. T.T. HOLDING, VORBASSE A/S's liquidity measured by quick ratio was 5.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -10.88 | -11.10 | -10.88 | -12.25 | -24.38 |
EBIT | -10.88 | -11.10 | -10.88 | -12.25 | -24.38 |
Net earnings | 1 527.32 | 1 927.81 | 2 173.32 | 2 095.05 | 2 920.20 |
Shareholders equity total | 11 337.59 | 13 152.39 | 15 211.31 | 17 188.56 | 19 986.76 |
Balance sheet total (assets) | 11 437.23 | 13 373.95 | 17 068.64 | 17 701.32 | 22 240.79 |
Net debt | -3 216.87 | -3 663.75 | -3 970.78 | -7 927.40 | -10 285.59 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.5 % | 16.1 % | 16.8 % | 12.7 % | 15.4 % |
ROE | 14.4 % | 15.7 % | 15.3 % | 12.9 % | 15.7 % |
ROI | 14.6 % | 16.1 % | 16.8 % | 12.9 % | 15.8 % |
Economic value added (EVA) | 65.01 | 129.95 | 220.84 | 371.05 | 241.41 |
Solvency | |||||
Equity ratio | 99.1 % | 98.3 % | 89.1 % | 97.1 % | 89.9 % |
Gearing | 1.6 % | 12.1 % | 0.8 % | 8.4 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 37.8 | 20.2 | 3.6 | 16.7 | 5.6 |
Current ratio | 37.8 | 20.2 | 3.6 | 16.7 | 5.6 |
Cash and cash equivalents | 3 216.87 | 3 874.31 | 5 817.11 | 8 063.81 | 11 970.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | AA | AA |
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