TAGPAP DK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TAGPAP DK ApS
TAGPAP DK ApS (CVR number: 29449619) is a company from RINGSTED. The company reported a net sales of 2.4 mDKK in 2024, demonstrating a growth of 52.6 % compared to the previous year. The operating profit percentage was at 2.2 % (EBIT: 0.1 mDKK), while net earnings were 35.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak and Return on Equity (ROE) was 2.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 68.8 %, 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. TAGPAP DK ApS's liquidity measured by quick ratio was 3.2 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 517.78 | 2 274.24 | 2 479.87 | 1 563.47 | 2 386.61 |
Gross profit | 1 290.50 | 1 011.75 | 1 140.97 | 472.13 | 706.18 |
EBIT | 646.85 | 329.37 | 495.35 | - 197.38 | 51.38 |
Net earnings | 497.27 | 227.40 | 407.90 | - 174.06 | 35.18 |
Shareholders equity total | 1 502.06 | 1 672.96 | 2 023.66 | 1 790.70 | 1 164.89 |
Balance sheet total (assets) | 2 016.27 | 1 803.57 | 2 271.38 | 1 941.01 | 1 694.00 |
Net debt | -1 187.12 | - 981.67 | -1 606.96 | -1 231.35 | - 997.82 |
Profitability | |||||
EBIT-% | 25.7 % | 14.5 % | 20.0 % | -12.6 % | 2.2 % |
ROA | 35.7 % | 17.2 % | 24.3 % | -9.4 % | 2.8 % |
ROE | 38.8 % | 14.3 % | 22.1 % | -9.1 % | 2.4 % |
ROI | 50.4 % | 20.7 % | 26.7 % | -10.3 % | 3.4 % |
Economic value added (EVA) | 450.78 | 158.48 | 332.49 | - 256.32 | -53.65 |
Solvency | |||||
Equity ratio | 74.5 % | 92.8 % | 89.1 % | 92.3 % | 68.8 % |
Gearing | 0.1 % | ||||
Relative net indebtedness % | -26.8 % | -37.8 % | -55.2 % | -69.3 % | -21.3 % |
Liquidity | |||||
Quick ratio | 3.3 | 12.3 | 8.5 | 11.7 | 3.2 |
Current ratio | 3.3 | 12.5 | 8.6 | 11.8 | 3.2 |
Cash and cash equivalents | 1 187.12 | 981.67 | 1 606.96 | 1 233.34 | 997.82 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.4 | 32.3 | 13.7 | 25.2 | 64.2 |
Net working capital % | 46.9 % | 62.0 % | 73.3 % | 104.2 % | 46.0 % |
Credit risk | |||||
Credit rating | A | BBB | A | BBB | BBB |
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