K. TANG ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About K. TANG ApS
K. TANG ApS (CVR number: 73366828) is a company from HERNING. The company recorded a gross profit of -67.2 kDKK in 2024. The operating profit was -67.2 kDKK, while net earnings were -627.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -16.9 %, which can be considered poor and Return on Equity (ROE) was -18.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 89.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. K. TANG ApS's liquidity measured by quick ratio was 3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -67.21 | ||||
| EBIT | - 235.36 | -4.87 | 105.07 | - 637.88 | -67.21 |
| Net earnings | 32.91 | -40.19 | 244.95 | - 224.20 | - 627.64 |
| Shareholders equity total | 4 314.17 | 4 223.98 | 4 268.93 | 3 744.73 | 3 017.08 |
| Balance sheet total (assets) | 4 334.37 | 4 300.60 | 4 502.51 | 4 064.73 | 3 360.69 |
| Net debt | -3 091.93 | -1 244.16 | -1 634.05 | -3 704.24 | - 783.65 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -5.4 % | -0.1 % | 5.6 % | -5.0 % | -16.9 % |
| ROE | 0.8 % | -0.9 % | 5.8 % | -5.6 % | -18.6 % |
| ROI | -5.5 % | -0.1 % | 5.8 % | -5.3 % | -18.1 % |
| Economic value added (EVA) | - 483.24 | - 221.61 | - 107.19 | - 885.63 | - 255.38 |
| Solvency | |||||
| Equity ratio | 99.5 % | 98.2 % | 94.8 % | 92.1 % | 89.8 % |
| Gearing | 5.8 % | ||||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 187.0 | 19.3 | 7.6 | 11.8 | 3.0 |
| Current ratio | 187.0 | 20.0 | 7.6 | 11.8 | 3.0 |
| Cash and cash equivalents | 3 091.93 | 1 244.16 | 1 634.05 | 3 704.24 | 957.65 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BB |
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