TAGPAP A/S — Credit Rating and Financial Key Figures

TAGPAP A/S (CVR number: 33756348) is a company from SKIVE. The company recorded a gross profit of 4141.6 kDKK in 2023. The operating profit was 275 kDKK, while net earnings were 206.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 24.7 %, 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. TAGPAP A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.