TUTEIN & KOCH A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TUTEIN & KOCH A/S
TUTEIN & KOCH A/S (CVR number: 21610828) is a company from KØBENHAVN. The company recorded a gross profit of 3307.7 kDKK in 2023. The operating profit was -1247 kDKK, while net earnings were 353 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.1 %, which can be considered weak and Return on Equity (ROE) was 1.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 69 %, 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. TUTEIN & KOCH A/S's liquidity measured by quick ratio was 13.1 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 | 3 144.62 | 2 696.31 | 2 667.39 | 2 697.22 | 3 307.72 |
EBIT | - 350.13 | 1 387.10 | 3 747.51 | - 699.30 | -1 247.03 |
Net earnings | -2 367.20 | 210.39 | 4 098.17 | -4 683.87 | 352.98 |
Shareholders equity total | 20 218.59 | 20 428.98 | 24 527.15 | 19 843.28 | 20 196.26 |
Balance sheet total (assets) | 36 192.23 | 34 840.75 | 34 362.80 | 28 649.29 | 29 282.05 |
Net debt | -27 620.76 | -27 109.35 | -27 595.37 | -21 561.37 | -20 175.88 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.0 % | 5.4 % | 17.9 % | 0.6 % | 2.1 % |
ROE | -11.1 % | 1.0 % | 18.2 % | -21.1 % | 1.8 % |
ROI | 2.1 % | 5.7 % | 19.2 % | 0.6 % | 2.2 % |
Economic value added (EVA) | 173.77 | 1 477.04 | 3 463.32 | - 447.00 | - 888.43 |
Solvency | |||||
Equity ratio | 55.9 % | 58.6 % | 71.4 % | 69.3 % | 69.0 % |
Gearing | 11.8 % | 11.1 % | 8.7 % | 12.4 % | 9.3 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 28.4 | 14.3 | 13.9 | 16.1 | 13.1 |
Current ratio | 30.5 | 15.4 | 15.0 | 17.6 | 15.3 |
Cash and cash equivalents | 30 013.67 | 29 373.28 | 29 722.91 | 24 030.51 | 22 053.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | AA | A | A |
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