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

TIDE BUS DANMARK A/S (CVR number: 31347963) is a company from ODENSE. The company reported a net sales of 868.7 mDKK in 2023, demonstrating a growth of 26.2 % compared to the previous year. The operating profit percentage was at 6.7 % (EBIT: 58.1 mDKK), while net earnings were 21.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak but Return on Equity (ROE) was 11.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 17.4 %, 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. TIDE BUS DANMARK A/S's liquidity measured by quick ratio was 164.8 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.