Tusass A/S — Credit Rating and Financial Key Figures

CVR number: 17516345
Farip Aqqutaa 8, 3900 Nuuk

Credit rating

Company information

Official name
Tusass A/S
Personnel
19 persons
Established
1993
Company form
Limited company
Industry

About Tusass A/S

Tusass A/S (CVR number: 17516345) is a company from SERMERSOOQ. The company reported a net sales of 797.6 mDKK in 2024, demonstrating a decline of -3.2 % compared to the previous year. The operating profit percentage was at 20.8 % (EBIT: 165.6 mDKK), while net earnings were 127.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good and Return on Equity (ROE) was 9.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 79.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Tusass A/S's liquidity measured by quick ratio was 2.4 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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales802.20786.10795.00823.60797.59
Gross profit802.20786.10795.00502.71520.32
EBIT171.70114.30145.80164.55165.62
Net earnings122.7082.30116.30124.03127.12
Shareholders equity total1 250.221 308.551 370.35
Balance sheet total (assets)177.561 673.341 732.83
Net debt- 177.56- 187.32- 321.56
Profitability
EBIT-%21.4 %14.5 %18.3 %20.0 %20.8 %
ROA21.3 %82.1 %18.1 %10.1 %
ROE9.3 %9.7 %9.5 %
ROI21.3 %82.1 %19.9 %11.3 %
Economic value added (EVA)171.70114.30145.8060.5048.13
Solvency
Equity ratio100.0 %78.2 %79.1 %
Gearing1.0 %0.7 %
Relative net indebtedness %-22.3 %-2.5 %-18.2 %
Liquidity
Quick ratio1.82.4
Current ratio1.92.5
Cash and cash equivalents177.56199.85331.82
Capital use efficiency
Trade debtors turnover (days)25.821.6
Net working capital %22.3 %19.1 %33.5 %
Credit risk
Credit ratingBBBAAAAAA

Variable visualization

ROA:10.1%
Rating: 58/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.1%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer
Board member
Board member

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