TIDE BUS DANMARK A/S — Credit Rating and Financial Key Figures

TIDE BUS DANMARK A/S (CVR number: 31347963K) is a company from ODENSE. The company reported a net sales of 893.1 mDKK in 2023, demonstrating a growth of 25.5 % compared to the previous year. The operating profit percentage was at 7.1 % (EBIT: 63.6 mDKK), while net earnings were 21.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent but Return on Equity (ROE) was 11.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 20.1 %, 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. TIDE BUS DANMARK A/S's liquidity measured by quick ratio was 40.1 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.