TORQUE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TORQUE ApS
TORQUE ApS (CVR number: 36393572K) is a company from RØDOVRE. The company recorded a gross profit of 3316.3 kDKK in 2020. The operating profit was -16.1 mDKK, while net earnings were 16 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent but Return on Equity (ROE) was 2.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 73 %, 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. TORQUE ApS's liquidity measured by quick ratio was 3.3 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 financials2019 | 2020 | |
---|---|---|
Volume | ||
Net sales | ||
Gross profit | - 160.52 | 3 316.26 |
EBIT | -1 234.46 | -16 091.19 |
Net earnings | 199 906.44 | 16 024.57 |
Shareholders equity total | 576 463.61 | 569 509.72 |
Balance sheet total (assets) | 970 603.70 | 780 830.11 |
Net debt | - 542 801.15 | - 447 288.55 |
Profitability | ||
EBIT-% | ||
ROA | 27.3 % | 4.5 % |
ROE | 34.7 % | 2.8 % |
ROI | 29.9 % | 4.6 % |
Economic value added (EVA) | - 959.27 | 3 730.86 |
Solvency | ||
Equity ratio | 59.4 % | 73.0 % |
Gearing | 56.1 % | 28.8 % |
Relative net indebtedness % | ||
Liquidity | ||
Quick ratio | 2.4 | 3.3 |
Current ratio | 2.4 | 3.4 |
Cash and cash equivalents | 866 379.98 | 611 529.75 |
Capital use efficiency | ||
Trade debtors turnover (days) | ||
Net working capital % | ||
Credit risk | ||
Credit rating | A | AA |
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