TT-IT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TT-IT ApS
TT-IT ApS (CVR number: 33444974) is a company from KØBENHAVN. The company recorded a gross profit of -63.4 kDKK in 2023. The operating profit was -63.4 kDKK, while net earnings were 748 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.1 %, which can be considered good and Return on Equity (ROE) was 11 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TT-IT ApS's liquidity measured by quick ratio was 182.8 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -59.81 | - 152.57 | - 106.91 | -63.43 | |
| EBIT | -72.17 | -59.81 | - 152.57 | - 106.91 | -63.43 |
| Net earnings | 817.92 | 407.74 | 901.50 | - 775.55 | 747.97 |
| Shareholders equity total | 6 072.12 | 6 424.56 | 7 269.56 | 6 436.81 | 7 127.58 |
| Balance sheet total (assets) | 6 150.22 | 6 567.60 | 7 586.34 | 6 476.60 | 7 166.79 |
| Net debt | -6 089.96 | -6 567.60 | -7 586.34 | -6 171.26 | -6 996.19 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 16.4 % | 8.2 % | 16.4 % | 4.3 % | 14.1 % |
| ROE | 14.4 % | 6.5 % | 13.2 % | -11.3 % | 11.0 % |
| ROI | 16.6 % | 8.4 % | 16.9 % | 4.4 % | 14.1 % |
| Economic value added (EVA) | -62.68 | -45.75 | - 111.77 | -67.55 | -62.82 |
| Solvency | |||||
| Equity ratio | 98.7 % | 97.8 % | 95.8 % | 99.4 % | 99.5 % |
| Gearing | |||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 153.9 | 84.1 | 72.3 | 162.8 | 182.8 |
| Current ratio | 153.9 | 84.1 | 72.3 | 162.8 | 182.8 |
| Cash and cash equivalents | 6 089.96 | 6 567.60 | 7 586.34 | 6 171.26 | 6 996.19 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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