Credit rating
Company information
About DK TIMMENDORF A/S
DK TIMMENDORF A/S (CVR number: 29635102) is a company from AABENRAA. The company recorded a gross profit of 497.9 kDKK in 2023. The operating profit was -240.1 kDKK, while net earnings were -931.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.7 %, which can be considered poor and Return on Equity (ROE) was -6.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.7 %, 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. DK TIMMENDORF A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 54.43 | 262.13 | 641.23 | 494.01 | 497.87 |
EBIT | 1 068.55 | 973.80 | 647.60 | 494.01 | - 240.06 |
Net earnings | 712.60 | 1 563.49 | 418.39 | 316.58 | - 931.87 |
Shareholders equity total | 13 088.90 | 14 652.40 | 14 270.78 | 14 187.36 | 12 955.50 |
Balance sheet total (assets) | 24 251.30 | 24 717.79 | 22 451.99 | 22 811.74 | 21 002.75 |
Net debt | 6 685.17 | 2 302.41 | 2 574.71 | 2 682.89 | 3 488.18 |
Profitability | |||||
EBIT-% | |||||
ROA | 4.6 % | 8.3 % | 2.9 % | 2.4 % | -0.7 % |
ROE | 5.6 % | 11.3 % | 2.9 % | 2.2 % | -6.9 % |
ROI | 4.7 % | 8.3 % | 2.9 % | 2.4 % | -0.7 % |
Economic value added (EVA) | 104.58 | 382.93 | 188.52 | -34.21 | - 629.58 |
Solvency | |||||
Equity ratio | 54.0 % | 59.3 % | 63.6 % | 62.2 % | 61.7 % |
Gearing | 79.7 % | 66.0 % | 54.5 % | 58.1 % | 60.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.3 | 0.8 | 0.7 | 0.7 | 0.6 |
Current ratio | 0.3 | 0.8 | 0.7 | 0.7 | 0.6 |
Cash and cash equivalents | 3 751.30 | 7 367.32 | 5 207.22 | 5 564.48 | 4 389.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | BBB |
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