TURBINE FORLAGET A/S — Credit Rating and Financial Key Figures

CVR number: 27979432
Balticagade 10 B, 8000 Aarhus C
lotte@turbine.dk
tel: 86127316

Credit rating

Company information

Official name
TURBINE FORLAGET A/S
Personnel
19 persons
Established
2004
Company form
Limited company
Industry

About TURBINE FORLAGET A/S

TURBINE FORLAGET A/S (CVR number: 27979432) is a company from AARHUS. The company recorded a gross profit of 9118.8 kDKK in 2024. The operating profit was 2143.5 kDKK, while net earnings were 1217.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good but Return on Equity (ROE) was 20.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 29.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TURBINE FORLAGET A/S's liquidity measured by quick ratio was 0.5 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit9 490.0311 571.6711 643.428 633.909 118.78
EBIT3 438.574 536.305 058.251 796.492 143.53
Net earnings2 381.173 296.843 615.961 047.001 217.68
Shareholders equity total3 882.065 978.905 094.865 641.866 259.54
Balance sheet total (assets)18 319.0422 219.4417 648.7821 007.9721 702.98
Net debt-2 354.83-3 306.744 387.886 442.626 439.32
Profitability
EBIT-%
ROA19.6 %22.4 %25.4 %9.5 %10.1 %
ROE78.3 %66.9 %65.3 %19.5 %20.5 %
ROI54.6 %76.1 %63.8 %16.7 %16.9 %
Economic value added (EVA)2 329.953 285.643 622.87894.881 025.21
Solvency
Equity ratio21.2 %28.2 %29.7 %28.1 %29.4 %
Gearing28.3 %86.2 %122.3 %107.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.70.50.40.5
Current ratio1.31.41.41.41.5
Cash and cash equivalents3 454.873 306.744.96457.95282.71
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:10.1%
Rating: 57/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:29.4%
Rating: 26/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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