TUULLIK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TUULLIK A/S
TUULLIK A/S (CVR number: 16175803) is a company from SERMERSOOQ. The company reported a net sales of 51.6 mDKK in 2023, demonstrating a growth of 15.8 % compared to the previous year. The operating profit percentage was at 9.6 % (EBIT: 5 mDKK), while net earnings were 4045 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.8 %, which can be considered good and Return on Equity (ROE) was 12.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 69.9 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TUULLIK A/S's liquidity measured by quick ratio was 1.9 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 | 53.65 | 53.34 | 52.46 | 44.55 | 51.58 |
Gross profit | 36.11 | 38.08 | 38.23 | 26.87 | 30.72 |
EBIT | 17.19 | 19.99 | 17.47 | 7.44 | 4.96 |
Net earnings | 14.81 | 20.49 | 18.31 | 9.32 | 4.04 |
Shareholders equity total | 26.91 | 28.80 | 27.12 | 23.24 | 42.73 |
Balance sheet total (assets) | 34.35 | 36.48 | 34.66 | 28.70 | 56.25 |
Net debt | -0.43 | -0.78 | -2.65 | 1.00 | 6.69 |
Profitability | |||||
EBIT-% | 32.0 % | 37.5 % | 33.3 % | 16.7 % | 9.6 % |
ROA | 54.4 % | 56.4 % | 49.8 % | 25.0 % | 14.8 % |
ROE | 60.3 % | 73.6 % | 65.5 % | 37.0 % | 12.3 % |
ROI | 69.6 % | 71.7 % | 62.5 % | 30.3 % | 15.9 % |
Economic value added (EVA) | 13.97 | 19.32 | 16.67 | 7.52 | 2.48 |
Solvency | |||||
Equity ratio | 78.3 % | 78.8 % | 78.2 % | 81.0 % | 69.9 % |
Gearing | 4.6 % | 15.7 % | |||
Relative net indebtedness % | 12.9 % | 12.9 % | 7.9 % | 11.7 % | 26.2 % |
Liquidity | |||||
Quick ratio | 3.3 | 3.7 | 3.3 | 3.2 | 1.9 |
Current ratio | 3.4 | 3.8 | 3.4 | 3.5 | 2.0 |
Cash and cash equivalents | 0.43 | 0.78 | 2.65 | 0.07 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 20.9 | 6.6 | |||
Net working capital % | 33.1 % | 40.5 % | 31.3 % | 29.2 % | 16.9 % |
Credit risk | |||||
Credit rating | A | A | A | A | AA |
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