KENNETH TORNVIG ApS

CVR number: 34465932
Møllegade 20, 6230 Rødekro
ktornvig@gmail.com
tel: 29667285

Credit rating

Company information

Official name
KENNETH TORNVIG ApS
Established
2012
Company form
Private limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About KENNETH TORNVIG ApS

KENNETH TORNVIG ApS (CVR number: 34465932) is a company from AABENRAA. The company recorded a gross profit of 50.4 kDKK in 2023. The operating profit was 30.4 kDKK, while net earnings were -3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent but Return on Equity (ROE) was -0.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 8 %, 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. KENNETH TORNVIG ApS's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit45.9951.0951.0050.8650.42
EBIT25.9331.0430.9530.8030.37
Net earnings20.0431.1543.8460.37-3.05
Shareholders equity total562.07537.92531.76534.93472.98
Balance sheet total (assets)1 712.103 497.604 280.065 358.085 895.59
Net debt1 144.582 953.883 713.604 807.115 412.93
Profitability
EBIT-%
ROA2.8 %3.0 %2.9 %3.2 %5.0 %
ROE3.6 %5.7 %8.2 %11.3 %-0.6 %
ROI2.8 %3.0 %2.9 %3.2 %5.0 %
Economic value added (EVA)-8.38-7.01-4.80-2.753.81
Solvency
Equity ratio32.8 %15.4 %12.4 %10.0 %8.0 %
Gearing203.8 %550.2 %704.3 %899.8 %1146.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.80.90.90.9
Current ratio0.50.80.90.90.9
Cash and cash equivalents1.105.8131.696.329.67
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:5.04%
Rating: 43/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:8.02%
Rating: 8/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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