Credit rating
Company information
About TYSTOFTEFONDEN
TYSTOFTEFONDEN (CVR number: 35872612) is a company from SLAGELSE. The company reported a net sales of 30.8 mDKK in 2023, demonstrating a decline of -2.5 % compared to the previous year. The operating profit percentage was at 9.3 % (EBIT: 2.9 mDKK), while net earnings were 2168.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.7 %, which can be considered decent but Return on Equity (ROE) was 9.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 49.9 %, 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. TYSTOFTEFONDEN's liquidity measured by quick ratio was 2.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 30.32 | 30.12 | 31.01 | 31.60 | 30.80 |
Gross profit | 5.61 | 4.90 | 4.63 | 4.20 | 4.36 |
EBIT | 2.87 | 2.88 | 2.97 | 2.52 | 2.86 |
Net earnings | 2.03 | 2.07 | 2.12 | 1.80 | 2.17 |
Shareholders equity total | 15.12 | 17.19 | 19.30 | 21.10 | 23.27 |
Balance sheet total (assets) | 37.86 | 41.80 | 41.92 | 42.85 | 46.60 |
Net debt | -2.17 | -9.41 | -6.31 | -3.41 | -6.22 |
Profitability | |||||
EBIT-% | 9.5 % | 9.5 % | 9.6 % | 8.0 % | 9.3 % |
ROA | 8.3 % | 7.4 % | 7.2 % | 6.1 % | 6.7 % |
ROE | 14.4 % | 12.8 % | 11.6 % | 8.9 % | 9.8 % |
ROI | 11.2 % | 10.3 % | 9.7 % | 8.9 % | 11.4 % |
Economic value added (EVA) | 1.83 | 1.62 | 1.96 | 1.35 | 1.39 |
Solvency | |||||
Equity ratio | 39.9 % | 41.1 % | 46.1 % | 49.2 % | 49.9 % |
Gearing | |||||
Relative net indebtedness % | 59.8 % | 40.5 % | 41.1 % | 45.3 % | 40.7 % |
Liquidity | |||||
Quick ratio | 1.4 | 1.5 | 1.9 | 2.2 | 2.1 |
Current ratio | 1.4 | 1.5 | 1.9 | 2.2 | 2.1 |
Cash and cash equivalents | 2.17 | 9.41 | 6.31 | 3.41 | 6.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 55.6 | 57.8 | 55.8 | 60.8 | 64.7 |
Net working capital % | 13.9 % | 20.5 % | 28.8 % | 32.2 % | 34.5 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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