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Art Tide ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Art Tide ApS
Art Tide ApS (CVR number: 39596474) is a company from TØNDER. The company recorded a gross profit of 239.2 kDKK in 2024. The operating profit was 1 kDKK, while net earnings were 5.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.4 %, which can be considered decent but Return on Equity (ROE) was 8.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 72.6 %, 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. Art Tide ApS's liquidity measured by quick ratio was 2.1 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 115.30 | 172.98 | 78.24 | 185.26 | 239.25 |
| EBIT | 30.65 | -10.91 | 2.83 | 39.62 | 0.95 |
| Net earnings | 11.53 | -10.22 | 0.94 | 30.77 | 5.62 |
| Shareholders equity total | 42.84 | 32.61 | 33.56 | 64.33 | 69.96 |
| Balance sheet total (assets) | 67.81 | 49.94 | 54.61 | 122.53 | 96.34 |
| Net debt | -17.56 | 8.36 | 10.91 | 8.39 | 6.38 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 62.0 % | -18.5 % | 5.4 % | 44.7 % | 5.4 % |
| ROE | 31.1 % | -27.1 % | 2.9 % | 62.9 % | 8.4 % |
| ROI | 82.4 % | -25.5 % | 5.9 % | 48.6 % | 6.2 % |
| Economic value added (EVA) | 20.18 | -10.72 | 0.68 | 28.13 | -4.58 |
| Solvency | |||||
| Equity ratio | 63.2 % | 65.3 % | 61.4 % | 52.5 % | 72.6 % |
| Gearing | 0.3 % | 31.0 % | 60.0 % | 70.0 % | 15.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.0 | 0.5 | 0.6 | 1.4 | 2.1 |
| Current ratio | 2.7 | 2.9 | 2.6 | 2.1 | 3.7 |
| Cash and cash equivalents | 17.68 | 1.77 | 9.21 | 36.63 | 4.68 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BBB | BBB | BB |
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