TÅRNBYFORSYNING SERVICE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TÅRNBYFORSYNING SERVICE A/S
TÅRNBYFORSYNING SERVICE A/S (CVR number: 32667759) is a company from TÅRNBY. The company reported a net sales of 44.5 mDKK in 2023, demonstrating a growth of 45.1 % compared to the previous year. The operating profit percentage was at 6.5 % (EBIT: 2.9 mDKK), while net earnings were 2372 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.3 %, which can be considered excellent and Return on Equity (ROE) was 38.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 46 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TÅRNBYFORSYNING SERVICE A/S's liquidity measured by quick ratio was 3.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 21.39 | 24.18 | 24.73 | 30.67 | 44.50 |
Gross profit | 4.05 | 4.69 | 4.72 | 7.09 | 10.72 |
EBIT | 0.45 | 0.90 | 0.92 | 1.53 | 2.90 |
Net earnings | 0.33 | 0.67 | 0.68 | 1.19 | 2.37 |
Shareholders equity total | 2.37 | 3.04 | 3.73 | 4.91 | 7.29 |
Balance sheet total (assets) | 9.04 | 10.36 | 10.53 | 12.70 | 15.83 |
Net debt | -2.21 | -8.29 | -4.30 | -7.48 | -2.11 |
Profitability | |||||
EBIT-% | 2.1 % | 3.7 % | 3.7 % | 5.0 % | 6.5 % |
ROA | 5.5 % | 9.2 % | 8.8 % | 13.4 % | 21.3 % |
ROE | 15.1 % | 24.8 % | 20.2 % | 27.5 % | 38.9 % |
ROI | 12.7 % | 19.5 % | 16.3 % | 20.7 % | 30.6 % |
Economic value added (EVA) | 0.56 | 0.78 | 0.98 | 1.30 | 2.41 |
Solvency | |||||
Equity ratio | 26.2 % | 29.4 % | 35.4 % | 38.7 % | 46.0 % |
Gearing | 72.4 % | 1.3 % | 39.8 % | 10.0 % | 9.7 % |
Relative net indebtedness % | 12.8 % | -4.2 % | 4.1 % | -5.7 % | 7.9 % |
Liquidity | |||||
Quick ratio | 1.5 | 1.8 | 2.0 | 2.7 | 3.1 |
Current ratio | 1.5 | 1.8 | 2.0 | 2.7 | 3.1 |
Cash and cash equivalents | 3.92 | 8.33 | 5.78 | 7.97 | 2.82 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.1 | 0.1 | 37.2 | 36.9 | 0.4 |
Net working capital % | 13.2 % | 19.1 % | 20.8 % | 25.8 % | 24.2 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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