TIC Connect ApS — Credit Rating and Financial Key Figures

CVR number: 33051352
Danmarksvej 30 M, 8660 Skanderborg

Credit rating

Company information

Official name
TIC Connect ApS
Established
2010
Company form
Private limited company
Industry
  • Expand more icon61Telecommunications

About TIC Connect ApS

TIC Connect ApS (CVR number: 33051352) is a company from SKANDERBORG. The company recorded a gross profit of 197.2 kDKK in 2023. The operating profit was 197.2 kDKK, while net earnings were 193.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 44.5 %, which can be considered excellent and Return on Equity (ROE) was 107.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -36.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TIC Connect ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit20.0531.17-6.4727.70197.25
EBIT20.0531.17-6.4727.70197.25
Net earnings9.9521.12-19.8417.40193.21
Shareholders equity total- 388.01- 366.88- 386.73- 369.33- 176.12
Balance sheet total (assets)56.5162.3557.06300.93
Net debt356.73362.30367.97342.94140.99
Profitability
EBIT-%
ROA4.3 %7.1 %-1.6 %3.4 %44.5 %
ROE14.6 %35.5 %-63.7 %30.5 %107.9 %
ROI5.0 %7.8 %-1.7 %3.6 %50.3 %
Economic value added (EVA)41.6152.8413.8647.13218.67
Solvency
Equity ratio-87.3 %-85.5 %-100.0 %-86.6 %-36.9 %
Gearing-103.1 %-109.0 %-95.1 %-108.3 %-227.1 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.10.6
Current ratio0.10.10.10.6
Cash and cash equivalents43.2737.7057.06259.01
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:44.5%
Rating: 91/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-36.9%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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