Tinna Engqvist ApS — Credit Rating and Financial Key Figures

Tinna Engqvist ApS (CVR number: 38938886) is a company from AALBORG. The company recorded a gross profit of 399 kDKK in 2021. The operating profit was 18.4 kDKK, while net earnings were 6.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4 %, which can be considered decent but Return on Equity (ROE) was 14 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 11.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Tinna Engqvist ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.