TC DANMARK HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TC DANMARK HOLDING A/S
TC DANMARK HOLDING A/S (CVR number: 28870671) is a company from VEJLE. The company recorded a gross profit of -220.3 kDKK in 2023. The operating profit was -910.3 kDKK, while net earnings were 4734 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak and Return on Equity (ROE) was 3.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 99.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TC DANMARK HOLDING A/S's liquidity measured by quick ratio was 101.1 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | - 635.34 | - 453.46 | - 375.85 | - 379.66 | - 220.33 |
EBIT | - 635.34 | - 836.66 | - 710.75 | - 956.87 | - 910.27 |
Net earnings | 31 852.56 | 14 665.99 | 3 597.37 | -6 681.21 | 4 733.96 |
Shareholders equity total | 132 899.49 | 142 565.48 | 145 162.85 | 137 481.64 | 141 215.60 |
Balance sheet total (assets) | 132 925.11 | 145 075.57 | 145 267.20 | 138 099.84 | 142 051.22 |
Net debt | -85 703.46 | - 107 030.34 | -95 607.04 | -87 241.86 | -59 648.32 |
Profitability | |||||
EBIT-% | |||||
ROA | 26.5 % | 12.6 % | 3.1 % | 1.0 % | 3.8 % |
ROE | 26.3 % | 10.6 % | 2.5 % | -4.7 % | 3.4 % |
ROI | 26.5 % | 12.7 % | 3.1 % | 1.0 % | 3.8 % |
Economic value added (EVA) | 1 949.19 | -3 079.95 | -2 085.35 | -3 125.04 | -3 110.00 |
Solvency | |||||
Equity ratio | 100.0 % | 98.3 % | 99.9 % | 99.6 % | 99.5 % |
Gearing | 0.0 % | 0.0 % | 0.0 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 4 922.6 | 42.7 | 973.4 | 142.2 | 101.1 |
Current ratio | 4 922.6 | 42.7 | 973.4 | 142.2 | 86.5 |
Cash and cash equivalents | 85 721.46 | 107 030.34 | 95 607.04 | 87 280.74 | 59 686.28 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | AA | AA | A | AA |
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