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Tullip Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Tullip Holding ApS
Tullip Holding ApS (CVR number: 39124416) is a company from GREVE. The company recorded a gross profit of -9.1 kDKK in 2024. The operating profit was -9.1 kDKK, while net earnings were -2856.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak but Return on Equity (ROE) was -20.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 76.7 %, 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. Tullip Holding ApS's liquidity measured by quick ratio was 2.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -10.98 | -8.38 | -7.91 | -11.34 | -9.13 |
| EBIT | -10.98 | -8.38 | -7.91 | -11.34 | -9.13 |
| Net earnings | 3 166.53 | -3 881.29 | 1 306.03 | 1 103.83 | -2 856.15 |
| Shareholders equity total | 16 864.80 | 12 927.00 | 14 175.83 | 15 220.76 | 12 303.61 |
| Balance sheet total (assets) | 18 599.01 | 14 506.41 | 17 062.83 | 17 996.20 | 16 047.03 |
| Net debt | -7 924.66 | -6 237.05 | -6 692.31 | -7 992.08 | -5 318.14 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 27.2 % | -0.0 % | 25.5 % | 14.9 % | 2.8 % |
| ROE | 20.7 % | -26.1 % | 9.6 % | 7.5 % | -20.8 % |
| ROI | 24.9 % | -0.0 % | 8.5 % | 14.9 % | 2.9 % |
| Economic value added (EVA) | - 758.90 | - 904.61 | - 736.60 | - 861.92 | - 912.72 |
| Solvency | |||||
| Equity ratio | 90.7 % | 89.1 % | 83.1 % | 84.6 % | 76.7 % |
| Gearing | 5.8 % | 12.2 % | 19.4 % | 18.1 % | 28.5 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 7.3 | 5.5 | 3.8 | 4.0 | 2.5 |
| Current ratio | 7.3 | 5.5 | 3.8 | 4.0 | 2.5 |
| Cash and cash equivalents | 8 906.42 | 7 811.46 | 9 443.28 | 10 753.66 | 8 827.26 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | A | A | BBB |
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