TPI Composites Denmark ApS — Credit Rating and Financial Key Figures

CVR number: 39492733
Birkemose Allé 37 A, Nr Bjert 6000 Kolding
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Credit rating

Company information

Official name
TPI Composites Denmark ApS
Personnel
9 persons
Established
2018
Domicile
Nr Bjert
Company form
Private limited company
Industry

About TPI Composites Denmark ApS

TPI Composites Denmark ApS (CVR number: 39492733) is a company from KOLDING. The company recorded a gross profit of 25.4 mDKK in 2024. The operating profit was 3102 kDKK, while net earnings were 1423.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.8 %, which can be considered good but Return on Equity (ROE) was 16.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 24 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TPI Composites Denmark ApS'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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit17 210.9221 037.2620 499.9319 837.5825 393.39
EBIT673.942 039.702 191.70759.843 102.02
Net earnings759.101 104.901 659.551 121.711 423.70
Shareholders equity total3 878.964 983.866 643.417 765.129 188.82
Balance sheet total (assets)19 524.9022 069.6026 545.3932 268.2438 355.45
Net debt9 669.1112 698.5316 195.8521 194.3024 147.33
Profitability
EBIT-%
ROA6.3 %9.8 %9.0 %4.9 %8.8 %
ROE21.7 %24.9 %28.5 %15.6 %16.8 %
ROI7.8 %11.9 %10.3 %5.3 %9.4 %
Economic value added (EVA)-43.25840.70766.58- 612.50861.23
Solvency
Equity ratio19.9 %22.6 %25.0 %24.1 %24.0 %
Gearing282.8 %276.5 %260.6 %298.8 %284.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.31.31.31.3
Current ratio1.31.31.31.31.3
Cash and cash equivalents1 301.641 082.931 115.902 007.841 953.11
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBBBBBBB

Variable visualization

ROA:8.78%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:24.0%
Rating: 22/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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