TV 2 Danmark A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TV 2 Danmark A/S
TV 2 Danmark A/S (CVR number: 10413494K) is a company from ODENSE. The company reported a net sales of 3798.3 mDKK in 2023, demonstrating a decline of -1.5 % compared to the previous year. The operating profit percentage was at 7.6 % (EBIT: 289.2 mDKK), while net earnings were 228.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.4 %, which can be considered good and Return on Equity (ROE) was 9.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 66.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TV 2 Danmark A/S'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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 001.90 | 3 228.50 | 3 588.60 | 3 854.30 | 3 798.30 |
Gross profit | 3 001.90 | 3 228.50 | 462.80 | 340.10 | 289.20 |
EBIT | 313.20 | 405.70 | 335.30 | -89.90 | 289.20 |
Net earnings | 275.00 | 327.60 | 276.60 | - 169.40 | 228.50 |
Shareholders equity total | 2 398.30 | 2 725.30 | 3 002.80 | 2 831.40 | 1 911.00 |
Balance sheet total (assets) | 3 034.20 | 3 447.40 | 3 858.70 | 3 681.30 | 2 859.30 |
Net debt | -2 373.50 | -2 475.70 | - 192.50 | -1 303.70 | - 331.40 |
Profitability | |||||
EBIT-% | 10.4 % | 12.6 % | 9.3 % | -2.3 % | 7.6 % |
ROA | 12.4 % | 13.2 % | 9.9 % | -1.9 % | 9.4 % |
ROE | 12.2 % | 12.8 % | 9.7 % | -5.8 % | 9.6 % |
ROI | 15.6 % | 16.3 % | 12.2 % | -2.4 % | 12.5 % |
Economic value added (EVA) | 240.65 | 314.66 | 252.97 | - 210.74 | 149.30 |
Solvency | |||||
Equity ratio | 80.6 % | 80.2 % | 77.8 % | 76.9 % | 66.8 % |
Gearing | |||||
Relative net indebtedness % | -57.9 % | -54.3 % | 18.5 % | -11.8 % | 16.2 % |
Liquidity | |||||
Quick ratio | 3.8 | 3.6 | 4.9 | 4.6 | 3.0 |
Current ratio | 4.7 | 4.8 | 4.9 | 4.6 | 3.0 |
Cash and cash equivalents | 2 373.50 | 2 475.70 | 192.50 | 1 303.70 | 331.40 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 57.4 | 54.1 | 50.5 | 50.2 | 53.5 |
Net working capital % | 23.0 % | 18.6 % | 65.0 % | 60.1 % | 38.0 % |
Credit risk | |||||
Credit rating | AA | AA | AAA | A | AA |
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