Truth Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Truth Holding ApS
Truth Holding ApS (CVR number: 40481109) is a company from KØBENHAVN. The company recorded a gross profit of -0.8 kDKK in 2024. The operating profit was -0.8 kDKK, while net earnings were -11.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak but Return on Equity (ROE) was -13.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.8 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Truth Holding ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -4.38 | 4.38 | -2.15 | 4.19 | -0.83 |
EBIT | -4.38 | 4.38 | -2.15 | 4.19 | -0.83 |
Net earnings | 51.84 | -5.09 | 7.35 | 2.88 | -11.11 |
Shareholders equity total | 82.15 | 77.06 | 84.42 | 87.29 | 76.19 |
Balance sheet total (assets) | 91.92 | 120.70 | 101.07 | 172.39 | 264.50 |
Net debt | -57.03 | 32.50 | 15.76 | -46.86 | - 133.68 |
Profitability | |||||
EBIT-% | |||||
ROA | 83.6 % | 19.1 % | 14.7 % | 3.1 % | 2.6 % |
ROE | 92.2 % | -6.4 % | 9.1 % | 3.3 % | -13.6 % |
ROI | 89.5 % | 19.8 % | 15.0 % | 3.1 % | 4.5 % |
Economic value added (EVA) | -6.17 | 0.68 | -8.06 | -0.85 | -9.55 |
Solvency | |||||
Equity ratio | 89.4 % | 63.8 % | 83.5 % | 50.6 % | 28.8 % |
Gearing | 6.6 % | 52.7 % | 18.8 % | 96.5 % | 3.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 6.4 | 2.1 | 0.1 | 1.5 | 1.2 |
Current ratio | 6.4 | 2.1 | 0.1 | 1.5 | 1.2 |
Cash and cash equivalents | 62.42 | 8.12 | 0.11 | 131.06 | 135.95 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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