Credit rating
Company information
About the company
TN UDVIKLING A/S (CVR number: 35478205) is a company from AALBORG. The company recorded a gross profit of -1635.1 kDKK in 2023. The operating profit was -4742.6 kDKK, while net earnings were 4048.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.1 %, which can be considered decent but Return on Equity (ROE) was 15.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 57.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TN UDVIKLING A/S's liquidity measured by quick ratio was 1.8 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 | - 918.80 | 2 331.46 | 7 432.31 | -1 808.12 | -1 635.14 |
EBIT | -4 194.77 | - 811.29 | 4 279.12 | -4 781.66 | -4 742.64 |
Net earnings | 1 476.77 | 940.21 | 3 862.41 | 3 060.69 | 4 048.55 |
Shareholders equity total | 28 361.89 | 27 302.10 | 28 164.51 | 30 225.20 | 20 773.75 |
Balance sheet total (assets) | 29 067.95 | 28 580.83 | 29 609.21 | 31 447.04 | 36 273.46 |
Net debt | -2 869.75 | -8 931.45 | -5 993.53 | 206.91 | 7 466.64 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.0 % | 3.2 % | 16.9 % | 11.9 % | 4.1 % |
ROE | 5.2 % | 3.4 % | 13.9 % | 10.5 % | 15.9 % |
ROI | 2.1 % | 3.3 % | 17.7 % | 12.3 % | 4.6 % |
Economic value added (EVA) | -3 208.94 | - 520.86 | 2 711.50 | -6 062.58 | -3 976.31 |
Solvency | |||||
Equity ratio | 97.6 % | 95.5 % | 95.1 % | 96.1 % | 57.3 % |
Gearing | 0.1 % | 0.0 % | 0.0 % | 1.7 % | 37.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 17.4 | 13.2 | 15.2 | 20.7 | 1.8 |
Current ratio | 22.0 | 13.5 | 15.3 | 20.8 | 1.8 |
Cash and cash equivalents | 2 899.65 | 8 933.77 | 5 997.11 | 301.26 | 223.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | BBB | BBB |
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