TIT HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 29847606
Mørdrupvej 15 B, 3060 Espergærde
jan@vibe-hastrup.dk
tel: 28107841

Credit rating

Company information

Official name
TIT HOLDING ApS
Established
2006
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
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 earnings281.11437.22469.03- 714.83223.59
Shareholders equity total1 954.292 280.912 636.941 864.912 029.59
Balance sheet total (assets)2 002.802 365.303 015.973 832.634 158.54
Net debt-1 998.26-2 361.80-3 013.87-3 824.01-4 150.83
Profitability
EBIT-%
ROA14.8 %23.4 %18.5 %1.0 %8.6 %
ROE14.7 %20.6 %19.1 %-31.8 %11.5 %
ROI15.2 %24.1 %20.3 %1.6 %17.6 %
Economic value added (EVA)-16.25-3.06-1.8911.0890.34
Solvency
Equity ratio97.6 %96.4 %87.4 %48.7 %48.8 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio41.328.08.01.92.0
Current ratio41.328.08.01.92.0
Cash and cash equivalents1 998.262 361.803 013.873 824.014 150.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBABBBBBBBB

Variable visualization

ROA:8.58%
Rating: 53/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:48.8%
Rating: 39/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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