TAS ODENSE HOLDING A/S — Credit Rating and Financial Key Figures

CVR number: 47811015
Skt. Jørgens Gade 228, 5000 Odense C

Credit rating

Company information

Official name
TAS ODENSE HOLDING A/S
Established
1973
Company form
Limited company
Industry

About TAS ODENSE HOLDING A/S

TAS ODENSE HOLDING A/S (CVR number: 47811015) is a company from ODENSE. The company recorded a gross profit of -28.9 kDKK in 2024. The operating profit was -28.9 kDKK, while net earnings were 803.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 22.3 %, which can be considered excellent and Return on Equity (ROE) was 22.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 96 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TAS ODENSE HOLDING A/S's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-8.22-8.59-18.90-16.53-28.91
EBIT-8.22-8.59-18.90-16.53-28.91
Net earnings140.04289.10365.40- 548.37803.11
Shareholders equity total3 210.963 443.563 751.763 144.493 947.60
Balance sheet total (assets)3 371.593 650.493 869.263 275.874 114.14
Net debt127.65157.277.34114.86146.81
Profitability
EBIT-%
ROA4.3 %8.3 %9.7 %-15.1 %22.3 %
ROE4.4 %8.7 %10.2 %-15.9 %22.6 %
ROI4.3 %8.4 %9.9 %-15.3 %22.3 %
Economic value added (EVA)101.98107.12109.39124.7842.93
Solvency
Equity ratio95.2 %94.3 %97.0 %96.0 %96.0 %
Gearing4.8 %5.1 %0.9 %4.0 %3.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.50.20.10.0
Current ratio0.40.50.20.10.0
Cash and cash equivalents26.9718.2828.0210.523.73
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:22.3%
Rating: 77/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:96.0%
Rating: 77/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Board member

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