Tornado Polering ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Tornado Polering ApS
Tornado Polering ApS (CVR number: 37816892) is a company from TÅRNBY. The company recorded a gross profit of 4470.2 kDKK in 2023. The operating profit was -37.6 kDKK, while net earnings were -37.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.9 %, which can be considered poor and Return on Equity (ROE) was -7.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 22.1 %, 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. Tornado Polering ApS's liquidity measured by quick ratio was 1.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 4 422.16 | 4 207.75 | 4 835.35 | 4 689.81 | 4 470.22 |
EBIT | 285.34 | - 165.31 | 224.81 | 148.42 | -37.58 |
Net earnings | 232.30 | - 128.53 | 164.36 | 104.91 | -37.62 |
Shareholders equity total | 1 392.21 | 513.68 | 678.04 | 782.95 | 245.33 |
Balance sheet total (assets) | 2 652.83 | 1 081.36 | 1 309.38 | 1 474.42 | 1 131.18 |
Net debt | -1 113.39 | -5.83 | - 306.82 | - 484.56 | 85.06 |
Profitability | |||||
EBIT-% | |||||
ROA | 13.4 % | -8.4 % | 18.8 % | 10.7 % | -2.9 % |
ROE | 18.2 % | -13.5 % | 27.6 % | 14.4 % | -7.3 % |
ROI | 23.6 % | -14.8 % | 29.3 % | 16.5 % | -4.6 % |
Economic value added (EVA) | 200.05 | - 144.00 | 156.34 | 101.15 | -28.96 |
Solvency | |||||
Equity ratio | 52.6 % | 48.2 % | 52.5 % | 54.1 % | 22.1 % |
Gearing | 0.1 % | 36.5 % | 21.0 % | 22.3 % | 172.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.0 | 1.5 | 2.0 | 2.2 | 1.2 |
Current ratio | 2.0 | 1.5 | 1.9 | 2.1 | 1.2 |
Cash and cash equivalents | 1 114.52 | 193.56 | 449.33 | 659.40 | 336.81 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | BBB | A | A | BBB |
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