Titan Heating ApS — Credit Rating and Financial Key Figures

Titan Heating ApS (CVR number: 37439967) is a company from MARIAGERFJORD. The company recorded a gross profit of 0 kDKK in 2023. The operating profit was 9.9 kDKK, while net earnings were 7.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.7 %, which can be considered decent but Return on Equity (ROE) was 8.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 46.8 %, 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. Titan Heating ApS's liquidity measured by quick ratio was 1.6 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.