Credit rating
Company information
About the company
TIATEC ApS (CVR number: 27421733) is a company from HOLSTEBRO. The company recorded a gross profit of 2466.3 kDKK in 2022. The operating profit was -788.7 kDKK, while net earnings were -657 kDKK. The profitability of the company measured by Return on Assets (ROA) was -19.7 %, which can be considered poor and Return on Equity (ROE) was -34 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 47.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TIATEC ApS's liquidity measured by quick ratio was 1.5 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 4 505.68 | 4 125.34 | 3 815.29 | 3 568.34 | 2 466.27 |
EBIT | 789.95 | 307.51 | 306.04 | 135.57 | - 788.72 |
Net earnings | 610.61 | 231.01 | 223.61 | 70.10 | - 656.97 |
Shareholders equity total | 3 135.77 | 2 966.78 | 3 190.39 | 2 260.49 | 1 603.52 |
Balance sheet total (assets) | 4 986.88 | 5 422.71 | 4 854.64 | 4 669.85 | 3 356.52 |
Net debt | 100.31 | -1 105.22 | - 876.91 | -1 008.69 | 337.32 |
Profitability | |||||
EBIT-% | |||||
ROA | 17.8 % | 5.9 % | 6.0 % | 2.8 % | -19.7 % |
ROE | 21.6 % | 7.6 % | 7.3 % | 2.6 % | -34.0 % |
ROI | 24.5 % | 8.4 % | 8.1 % | 4.1 % | -32.0 % |
Economic value added (EVA) | 494.27 | 79.30 | 155.25 | -11.95 | - 657.96 |
Solvency | |||||
Equity ratio | 62.9 % | 54.7 % | 65.7 % | 48.4 % | 47.8 % |
Gearing | 1.6 % | 6.9 % | 0.1 % | 18.5 % | 21.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 1.9 | 2.7 | 1.6 | 1.5 |
Current ratio | 1.8 | 1.9 | 2.8 | 1.7 | 1.6 |
Cash and cash equivalents | -49.97 | 1 310.42 | 880.49 | 1 427.90 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | BB |
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