TIKA HOLDING A/S — Credit Rating and Financial Key Figures

TIKA HOLDING A/S (CVR number: 78809019K) is a company from AALBORG. The company reported a net sales of 3229.9 mDKK in 2023, demonstrating a decline of -6.2 % compared to the previous year. The operating profit percentage was at 1.4 % (EBIT: 44.9 mDKK), while net earnings were 95 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good and Return on Equity (ROE) was 9.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 70.5 %, 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. TIKA HOLDING A/S's liquidity measured by quick ratio was 1.6 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.