TINGSTEDET ODENSE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TINGSTEDET ODENSE ApS
TINGSTEDET ODENSE ApS (CVR number: 35677593) is a company from ODENSE. The company recorded a gross profit of 1005.9 kDKK in 2023. The operating profit was -91.3 kDKK, while net earnings were -84.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12.1 %, which can be considered poor and Return on Equity (ROE) was -19.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 63.6 %, 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. TINGSTEDET ODENSE 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 245.00 | 861.44 | |||
Gross profit | 854.50 | 499.35 | 1 094.27 | 1 018.09 | 1 005.91 |
EBIT | -6.14 | 105.20 | 240.91 | - 120.38 | -91.26 |
Net earnings | -5.56 | 78.17 | 180.99 | - 101.30 | -84.57 |
Shareholders equity total | 319.78 | 397.95 | 578.94 | 477.64 | 393.07 |
Balance sheet total (assets) | 431.88 | 905.27 | 1 001.90 | 884.42 | 618.00 |
Net debt | -66.45 | - 679.30 | - 776.81 | - 677.65 | - 386.56 |
Profitability | |||||
EBIT-% | -0.5 % | 12.2 % | |||
ROA | -1.3 % | 15.7 % | 25.3 % | -12.8 % | -12.1 % |
ROE | -1.7 % | 21.8 % | 37.1 % | -19.2 % | -19.4 % |
ROI | -1.9 % | 29.3 % | 49.3 % | -22.8 % | -20.8 % |
Economic value added (EVA) | -14.29 | 67.79 | 199.98 | -87.70 | -63.37 |
Solvency | |||||
Equity ratio | 74.0 % | 44.0 % | 57.8 % | 54.0 % | 63.6 % |
Gearing | |||||
Relative net indebtedness % | 3.7 % | -20.0 % | |||
Liquidity | |||||
Quick ratio | 2.7 | 1.6 | 2.0 | 1.9 | 2.2 |
Current ratio | 3.2 | 1.7 | 2.3 | 2.1 | 2.5 |
Cash and cash equivalents | 66.45 | 679.30 | 776.81 | 677.65 | 386.56 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 31.2 | 0.3 | |||
Net working capital % | 20.1 % | 40.6 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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