TIMRING VVS, SMEDE- OG MASKINFORRETNING A/S
Credit rating
Company information
About TIMRING VVS, SMEDE- OG MASKINFORRETNING A/S
TIMRING VVS, SMEDE- OG MASKINFORRETNING A/S (CVR number: 27577075) is a company from HERNING. The company recorded a gross profit of 4640.5 kDKK in 2023. The operating profit was 1304.6 kDKK, while net earnings were 825.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good and Return on Equity (ROE) was 11.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 42 %, 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. TIMRING VVS, SMEDE- OG MASKINFORRETNING A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 581.00 | 3 511 590.00 | 3 311.38 | 3 215.13 | 4 640.49 |
EBIT | 1 262.00 | 1 318 446.00 | 1 195.07 | 1 128.66 | 1 304.56 |
Net earnings | 816.00 | 855 232.00 | 794.82 | 748.67 | 825.34 |
Shareholders equity total | 5 698.00 | 6 153 705.00 | 6 548.52 | 6 897.20 | 6 922.54 |
Balance sheet total (assets) | 14 893.00 | 16 018 400.00 | 15 335.10 | 14 985.34 | 16 501.30 |
Net debt | 4 632.00 | 3 773 641.00 | 3 459.32 | 2 801.28 | 869.35 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.2 % | 16.6 % | 0.0 % | 7.5 % | 8.3 % |
ROE | 14.4 % | 27.8 % | 0.0 % | 11.1 % | 11.9 % |
ROI | 10.9 % | 21.9 % | 0.0 % | 9.5 % | 11.4 % |
Economic value added (EVA) | 482.39 | 1 026 540.75 | - 426 702.43 | 417.94 | 559.96 |
Solvency | |||||
Equity ratio | 38.3 % | 38.4 % | 42.7 % | 46.0 % | 42.0 % |
Gearing | 91.9 % | 74.3 % | 53.1 % | 40.6 % | 31.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.8 | 0.8 | 0.5 | 0.5 | 0.4 |
Current ratio | 1.9 | 1.6 | 1.8 | 1.8 | 1.5 |
Cash and cash equivalents | 603.00 | 796 723.00 | 20.82 | 1.45 | 1 276.98 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | BBB | A | A |
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