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 -9.7 kDKK in 2024. The operating profit was -9.7 kDKK, while net earnings were -19.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak but Return on Equity (ROE) was -1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 55.2 %, 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 2.2 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -5.30 | -7.84 | -8.16 | -9.67 | |
EBIT | -5.30 | -5.94 | -7.84 | -8.16 | -9.67 |
Net earnings | 437.22 | 469.03 | - 714.83 | 223.59 | -19.76 |
Shareholders equity total | 2 280.91 | 2 636.94 | 1 864.91 | 2 029.59 | 1 948.83 |
Balance sheet total (assets) | 2 365.30 | 3 015.97 | 3 832.63 | 4 158.54 | 3 527.91 |
Net debt | -2 361.80 | -3 013.87 | -3 824.01 | -4 150.83 | -3 516.01 |
Profitability | |||||
EBIT-% | |||||
ROA | 23.4 % | 18.5 % | 1.0 % | 8.6 % | 2.3 % |
ROE | 20.6 % | 19.1 % | -31.8 % | 11.5 % | -1.0 % |
ROI | 24.1 % | 20.3 % | 1.6 % | 17.6 % | 4.4 % |
Economic value added (EVA) | - 103.48 | - 120.57 | - 140.37 | - 101.81 | - 112.61 |
Solvency | |||||
Equity ratio | 96.4 % | 87.4 % | 48.7 % | 48.8 % | 55.2 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 28.0 | 8.0 | 1.9 | 2.0 | 2.2 |
Current ratio | 28.0 | 8.0 | 1.9 | 2.0 | 2.2 |
Cash and cash equivalents | 2 361.80 | 3 013.87 | 3 824.01 | 4 150.83 | 3 516.01 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BB | BBB | BBB |
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