Grindsted tal-service ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Grindsted tal-service ApS
Grindsted tal-service ApS (CVR number: 40066195) is a company from BILLUND. The company reported a net sales of 0.5 mDKK in 2023, demonstrating a growth of 14.3 % compared to the previous year. The operating profit percentage was at 1.1 % (EBIT: 0 mDKK), while net earnings were 4.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.1 %, which can be considered weak but Return on Equity (ROE) was 6.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 29.8 %, 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. Grindsted tal-service ApS's liquidity measured by quick ratio was 1.4 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 311.10 | 264.60 | 510.91 | 439.10 | 501.93 |
Gross profit | 284.72 | 233.61 | 476.35 | 408.92 | 472.58 |
EBIT | 4.32 | 4.81 | 6.52 | 6.16 | 5.72 |
Net earnings | 3.37 | 3.76 | 3.83 | 4.07 | 4.32 |
Shareholders equity total | 53.37 | 57.13 | 60.96 | 65.03 | 69.35 |
Balance sheet total (assets) | 106.20 | 128.23 | 230.31 | 142.70 | 232.32 |
Net debt | -79.34 | -87.50 | - 180.63 | -92.08 | - 132.12 |
Profitability | |||||
EBIT-% | 1.4 % | 1.8 % | 1.3 % | 1.4 % | 1.1 % |
ROA | 4.1 % | 4.1 % | 3.6 % | 3.3 % | 3.1 % |
ROE | 6.3 % | 6.8 % | 6.5 % | 6.5 % | 6.4 % |
ROI | 8.1 % | 8.7 % | 11.0 % | 9.8 % | 8.5 % |
Economic value added (EVA) | 4.32 | 6.12 | 6.37 | 10.51 | 5.69 |
Solvency | |||||
Equity ratio | 50.3 % | 44.6 % | 26.5 % | 45.6 % | 29.8 % |
Gearing | |||||
Relative net indebtedness % | -8.5 % | -6.2 % | -2.2 % | -3.3 % | 6.1 % |
Liquidity | |||||
Quick ratio | 2.0 | 1.8 | 1.4 | 1.8 | 1.4 |
Current ratio | 2.0 | 1.8 | 1.4 | 1.8 | 1.4 |
Cash and cash equivalents | 79.34 | 87.50 | 180.63 | 92.08 | 132.12 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 31.5 | 56.2 | 33.8 | 41.5 | 72.4 |
Net working capital % | 17.2 % | 21.6 % | 11.9 % | 14.8 % | 13.8 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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