TOVE HOLDING, RINGKØBING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 80.8 kDKK in 2024. The operating profit was 1.5 kDKK, while net earnings were -117.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.2 %, which can be considered poor and Return on Equity (ROE) was -7.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.4 %, 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 9.8 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 124.58 | 28.37 | 68.69 | -84.88 | 80.81 |
EBIT | 45.23 | -50.98 | -10.65 | - 164.23 | 1.47 |
Net earnings | - 475.84 | - 425.41 | 152.11 | - 217.14 | - 117.57 |
Shareholders equity total | 2 141.74 | 1 716.33 | 1 868.44 | 1 651.30 | 1 533.73 |
Balance sheet total (assets) | 4 048.95 | 3 648.23 | 3 769.30 | 2 899.28 | 2 818.43 |
Net debt | 1 796.06 | 1 903.16 | 1 890.92 | 928.76 | 866.58 |
Profitability | |||||
EBIT-% | |||||
ROA | -9.7 % | -9.5 % | 5.4 % | -7.3 % | -2.2 % |
ROE | -20.0 % | -22.1 % | 8.5 % | -12.3 % | -7.4 % |
ROI | -10.0 % | -9.6 % | 5.4 % | -7.3 % | -2.2 % |
Economic value added (EVA) | - 180.87 | - 245.13 | - 192.83 | - 314.58 | - 143.94 |
Solvency | |||||
Equity ratio | 52.9 % | 47.0 % | 49.6 % | 57.0 % | 54.4 % |
Gearing | 83.9 % | 111.2 % | 101.2 % | 57.5 % | 58.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.4 | 1.2 | 1.3 | 8.7 | 9.8 |
Current ratio | 1.4 | 1.2 | 1.5 | 8.7 | 9.8 |
Cash and cash equivalents | 5.86 | 0.01 | 20.65 | 29.76 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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