Tinghøj Smede A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Tinghøj Smede A/S
Tinghøj Smede A/S (CVR number: 25455800) is a company from VARDE. The company recorded a gross profit of 272.8 kDKK in 2024. The operating profit was -214.9 kDKK, while net earnings were -143 kDKK. The profitability of the company measured by Return on Assets (ROA) was -10.8 %, which can be considered poor and Return on Equity (ROE) was -8.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 97.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Tinghøj Smede A/S's liquidity measured by quick ratio was 46.1 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 | 608.32 | 532.80 | 1 473.75 | 418.13 | 272.79 |
EBIT | 19.09 | -54.72 | 914.91 | - 224.67 | - 214.87 |
Net earnings | 7.16 | -51.30 | 699.58 | - 165.35 | - 143.01 |
Shareholders equity total | 1 203.85 | 1 152.54 | 1 852.13 | 1 686.77 | 1 543.76 |
Balance sheet total (assets) | 2 091.74 | 1 896.28 | 2 257.27 | 1 830.69 | 1 578.00 |
Net debt | - 764.19 | - 448.07 | - 959.16 | - 824.79 | - 411.50 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.0 % | -2.6 % | 44.3 % | -10.4 % | -10.8 % |
ROE | 0.6 % | -4.4 % | 46.6 % | -9.3 % | -8.9 % |
ROI | 1.2 % | -2.9 % | 51.2 % | -12.0 % | -11.3 % |
Economic value added (EVA) | -74.04 | - 132.44 | 617.44 | - 268.28 | - 252.42 |
Solvency | |||||
Equity ratio | 57.6 % | 60.8 % | 82.1 % | 92.1 % | 97.8 % |
Gearing | 37.9 % | 41.3 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 1.5 | 5.3 | 12.1 | 46.1 |
Current ratio | 1.9 | 2.1 | 5.3 | 12.1 | 46.1 |
Cash and cash equivalents | 1 220.19 | 924.63 | 959.16 | 824.79 | 411.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | B |
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