TOVE HOLDING, RINGKØBING ApS — Credit Rating and Financial Key Figures

CVR number: 32895107
Brogaardsvænget 51, Rindum 6950 Ringkøbing

Credit rating

Company information

Official name
TOVE HOLDING, RINGKØBING ApS
Established
2010
Domicile
Rindum
Company form
Private limited company
Industry

About TOVE HOLDING, RINGKØBING ApS

TOVE HOLDING, RINGKØBING ApS (CVR number: 32895107) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of -84.9 kDKK in 2023. The operating profit was -164.2 kDKK, while net earnings were -217.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.3 %, which can be considered poor and Return on Equity (ROE) was -12.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 57 %, 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. TOVE HOLDING, RINGKØBING ApS's liquidity measured by quick ratio was 8.7 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit75.22124.5828.3768.69-84.88
EBIT1.4945.23-50.98-10.65- 164.23
Net earnings-14.52- 475.84- 425.41152.11- 217.14
Shareholders equity total2 617.582 141.741 716.331 868.441 651.30
Balance sheet total (assets)4 340.754 048.953 648.233 769.302 899.28
Net debt1 617.651 796.061 903.161 890.92928.76
Profitability
EBIT-%
ROA0.6 %-9.7 %-9.5 %5.4 %-7.3 %
ROE-0.6 %-20.0 %-22.1 %8.5 %-12.3 %
ROI0.6 %-10.0 %-9.6 %5.4 %-7.3 %
Economic value added (EVA)- 149.98- 114.17- 189.63- 139.55- 266.79
Solvency
Equity ratio60.3 %52.9 %47.0 %49.6 %57.0 %
Gearing61.9 %83.9 %111.2 %101.2 %57.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.81.41.21.38.7
Current ratio1.81.41.21.58.7
Cash and cash equivalents3.185.860.0120.65
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-7.25%
Rating: 13/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:57.0%
Rating: 44/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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