TARM ELVÆRK NET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TARM ELVÆRK NET A/S
TARM ELVÆRK NET A/S (CVR number: 25804562) is a company from RINGKØBING-SKJERN. The company reported a net sales of 5.8 mDKK in 2023, demonstrating a growth of 1.1 % compared to the previous year. The operating profit percentage was at 14.1 % (EBIT: 0.8 mDKK), while net earnings were 264.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak and Return on Equity (ROE) was 2.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 53.2 %, 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. TARM ELVÆRK NET A/S's liquidity measured by quick ratio was 3 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 4 209.13 | 5 747.00 | 5 810.96 | ||
Gross profit | 1 398.42 | 519.89 | 1 003.84 | 2 159.47 | 2 093.42 |
EBIT | 226.05 | - 633.94 | - 205.83 | 947.19 | 820.37 |
Net earnings | -15.16 | - 530.36 | - 299.75 | 530.50 | 264.64 |
Shareholders equity total | 11 623.82 | 9 093.45 | 8 793.71 | 9 324.20 | 15 588.84 |
Balance sheet total (assets) | 23 019.85 | 25 457.18 | 24 682.79 | 29 263.02 | 29 298.14 |
Net debt | 2 718.66 | 5 605.61 | 5 132.65 | 4 192.40 | -2 350.40 |
Profitability | |||||
EBIT-% | -4.9 % | 16.5 % | 14.1 % | ||
ROA | 0.9 % | -2.6 % | -0.8 % | 3.6 % | 2.8 % |
ROE | -0.1 % | -5.1 % | -3.4 % | 5.9 % | 2.1 % |
ROI | 1.2 % | -3.5 % | -1.1 % | 4.2 % | 3.7 % |
Economic value added (EVA) | - 512.28 | -1 097.70 | - 771.46 | 282.70 | 245.76 |
Solvency | |||||
Equity ratio | 50.9 % | 36.2 % | 35.6 % | 31.9 % | 53.2 % |
Gearing | 49.6 % | 94.9 % | 70.2 % | 73.1 % | 1.8 % |
Relative net indebtedness % | 346.0 % | 128.9 % | 133.9 % | ||
Liquidity | |||||
Quick ratio | 0.8 | 0.5 | 0.4 | 4.1 | 3.0 |
Current ratio | 0.8 | 0.5 | 0.4 | 4.1 | 3.0 |
Cash and cash equivalents | 3 047.54 | 3 025.29 | 1 036.41 | 2 623.55 | 2 625.59 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 192.1 | 123.0 | 136.0 | ||
Net working capital % | -153.4 % | 81.5 % | 56.1 % | ||
Credit risk | |||||
Credit rating | A | BBB | A | AA | AA |
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