TIT HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TIT HOLDING ApS
TIT HOLDING ApS (CVR number: 29847606) is a company from HELSINGØR. The company recorded a gross profit of -8.2 kDKK in 2023. The operating profit was -8.2 kDKK, while net earnings were 223.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.6 %, which can be considered good and Return on Equity (ROE) was 11.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 48.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TIT HOLDING ApS's liquidity measured by quick ratio was 2 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 | -7.81 | -5.30 | -7.84 | -8.16 | |
EBIT | -7.81 | -5.30 | -5.94 | -7.84 | -8.16 |
Net earnings | 281.11 | 437.22 | 469.03 | - 714.83 | 223.59 |
Shareholders equity total | 1 954.29 | 2 280.91 | 2 636.94 | 1 864.91 | 2 029.59 |
Balance sheet total (assets) | 2 002.80 | 2 365.30 | 3 015.97 | 3 832.63 | 4 158.54 |
Net debt | -1 998.26 | -2 361.80 | -3 013.87 | -3 824.01 | -4 150.83 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.8 % | 23.4 % | 18.5 % | 1.0 % | 8.6 % |
ROE | 14.7 % | 20.6 % | 19.1 % | -31.8 % | 11.5 % |
ROI | 15.2 % | 24.1 % | 20.3 % | 1.6 % | 17.6 % |
Economic value added (EVA) | -16.25 | -3.06 | -1.89 | 11.08 | 90.34 |
Solvency | |||||
Equity ratio | 97.6 % | 96.4 % | 87.4 % | 48.7 % | 48.8 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 41.3 | 28.0 | 8.0 | 1.9 | 2.0 |
Current ratio | 41.3 | 28.0 | 8.0 | 1.9 | 2.0 |
Cash and cash equivalents | 1 998.26 | 2 361.80 | 3 013.87 | 3 824.01 | 4 150.83 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | BBB | BB | BBB |
Variable visualization
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