Tinghøj Smede A/S — Credit Rating and Financial Key Figures

Tinghøj Smede A/S (CVR number: 25455800) is a company from VARDE. The company recorded a gross profit of 418.1 kDKK in 2023. The operating profit was -224.7 kDKK, while net earnings were -165.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -10.4 %, which can be considered poor and Return on Equity (ROE) was -9.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 92.1 %, 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 12.1 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.