TINGSTEDET ODENSE ApS — Credit Rating and Financial Key Figures

CVR number: 35677593
Vestergade 50, 5000 Odense C

Credit rating

Company information

Official name
TINGSTEDET ODENSE ApS
Personnel
3 persons
Established
2014
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 245.00861.44
Gross profit854.50499.351 094.271 018.091 005.91
EBIT-6.14105.20240.91- 120.38-91.26
Net earnings-5.5678.17180.99- 101.30-84.57
Shareholders equity total319.78397.95578.94477.64393.07
Balance sheet total (assets)431.88905.271 001.90884.42618.00
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)-14.2967.79199.98-87.70-63.37
Solvency
Equity ratio74.0 %44.0 %57.8 %54.0 %63.6 %
Gearing
Relative net indebtedness %3.7 %-20.0 %
Liquidity
Quick ratio2.71.62.01.92.2
Current ratio3.21.72.32.12.5
Cash and cash equivalents66.45679.30776.81677.65386.56
Capital use efficiency
Trade debtors turnover (days)31.20.3
Net working capital %20.1 %40.6 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:-12.1%
Rating: 8/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.6%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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