Tang Biler Holding A/S — Credit Rating and Financial Key Figures

Tang Biler Holding A/S (CVR number: 40974032) is a company from HOLSTEBRO. The company recorded a gross profit of -14.2 kDKK in 2023. The operating profit was -14.2 kDKK, while net earnings were 5857.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 8.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 66.6 %, 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. Tang Biler Holding A/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.