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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 7 mDKK in 2025, demonstrating a decline of -1.2 % compared to the previous year. The operating profit percentage was at 14.4 % (EBIT: 1 mDKK), while net earnings were 855.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.4 %, which can be considered weak but Return on Equity (ROE) was 5.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 54.4 %, 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 1.3 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 4 209.13 | 5 747.00 | 5 810.96 | 7 095.98 | 7 007.42 |
| Gross profit | 1 003.84 | 2 159.47 | 2 093.42 | 2 525.36 | 2 444.63 |
| EBIT | - 205.83 | 947.19 | 820.37 | 1 163.73 | 1 006.71 |
| Net earnings | - 299.75 | 530.50 | 264.64 | 779.62 | 855.46 |
| Shareholders equity total | 8 793.71 | 9 324.20 | 15 588.84 | 16 368.46 | 17 223.92 |
| Balance sheet total (assets) | 24 682.79 | 29 263.02 | 29 298.14 | 30 564.71 | 31 679.80 |
| Net debt | 5 132.65 | 4 192.40 | -2 350.40 | -2 056.18 | -2 505.78 |
| Profitability | |||||
| EBIT-% | -4.9 % | 16.5 % | 14.1 % | 16.4 % | 14.4 % |
| ROA | -0.8 % | 3.6 % | 2.8 % | 4.0 % | 3.4 % |
| ROE | -3.4 % | 5.9 % | 2.1 % | 4.9 % | 5.1 % |
| ROI | -1.1 % | 4.2 % | 4.0 % | 7.3 % | 6.2 % |
| Economic value added (EVA) | -1 168.75 | -93.80 | - 726.49 | -33.51 | -44.06 |
| Solvency | |||||
| Equity ratio | 35.6 % | 31.9 % | 53.2 % | 53.6 % | 54.4 % |
| Gearing | 70.2 % | 73.1 % | 1.8 % | 3.2 % | 1.7 % |
| Relative net indebtedness % | 346.0 % | 128.9 % | 190.7 % | 163.6 % | 166.4 % |
| Liquidity | |||||
| Quick ratio | 0.4 | 4.1 | 1.0 | 1.0 | 1.3 |
| Current ratio | 0.4 | 4.1 | 1.0 | 1.0 | 1.3 |
| Cash and cash equivalents | 1 036.41 | 2 623.55 | 2 625.59 | 2 585.76 | 2 794.38 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 192.1 | 123.0 | 136.0 | 120.6 | 114.4 |
| Net working capital % | -153.4 % | 81.5 % | -0.8 % | 0.3 % | 17.1 % |
| Credit risk | |||||
| Credit rating | BBB | A | BBB | A | A |
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