TUNE AUTO ApS — Credit Rating and Financial Key Figures

TUNE AUTO ApS (CVR number: 27914896) is a company from GREVE. The company recorded a gross profit of 677.2 kDKK in 2023. The operating profit was 320.6 kDKK, while net earnings were 238.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.9 %, which can be considered excellent and Return on Equity (ROE) was 61.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.1 %, 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. TUNE AUTO ApS's liquidity measured by quick ratio was 1.4 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.