TYRE TRADE DK ApS — Credit Rating and Financial Key Figures

CVR number: 28147074
Kongehøj 213, 6600 Vejen
tinagormsen@gmail.com
tel: 22136670

Credit rating

Company information

Official name
TYRE TRADE DK ApS
Personnel
1 person
Established
2004
Company form
Private limited company
Industry

About TYRE TRADE DK ApS

TYRE TRADE DK ApS (CVR number: 28147074) is a company from VEJEN. The company recorded a gross profit of 457.8 kDKK in 2024. The operating profit was 14.2 kDKK, while net earnings were 29.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent and Return on Equity (ROE) was 4.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 72.7 %, 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. TYRE TRADE DK ApS's liquidity measured by quick ratio was 3.7 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit463.26461.18457.72416.17457.80
EBIT29.0745.6518.7238.9314.16
Net earnings36.5552.7430.4948.6529.10
Shareholders equity total471.14523.87554.37603.01632.11
Balance sheet total (assets)766.48839.141 269.59832.25870.04
Net debt79.33107.38522.00- 100.61- 136.15
Profitability
EBIT-%
ROA7.2 %9.1 %6.0 %6.4 %4.6 %
ROE8.1 %10.6 %5.7 %8.4 %4.7 %
ROI9.0 %11.2 %7.0 %7.4 %5.8 %
Economic value added (EVA)5.5015.37-8.925.33-10.95
Solvency
Equity ratio61.5 %62.4 %43.7 %72.5 %72.7 %
Gearing31.4 %31.1 %104.3 %10.8 %8.5 %
Relative net indebtedness %
Liquidity
Quick ratio2.52.61.83.63.7
Current ratio2.52.61.83.63.7
Cash and cash equivalents68.3855.7756.40165.63190.06
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:4.61%
Rating: 42/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:72.7%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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