Tangs Ejendomme ApS — Credit Rating and Financial Key Figures

CVR number: 19794830
Kystvejen 252 A, 4671 Strøby

Company information

Official name
Tangs Ejendomme ApS
Personnel
1 person
Established
1996
Company form
Private limited company
Industry

About Tangs Ejendomme ApS

Tangs Ejendomme ApS (CVR number: 19794830) is a company from STEVNS. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a growth of 58 % compared to the previous year. The operating profit percentage was at 69.6 % (EBIT: 0.1 mDKK), while net earnings were 48.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 2.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 58.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Tangs Ejendomme ApS's liquidity measured by quick ratio was 0.1 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.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales218.07184.17168.25117.13185.04
Gross profit218.07184.17168.25117.13185.04
EBIT188.60152.90117.1667.87128.81
Net earnings166.98124.8084.7429.7948.63
Shareholders equity total2 061.212 186.012 270.752 300.542 349.17
Balance sheet total (assets)4 128.864 095.614 076.644 067.693 985.05
Net debt1 897.521 768.551 454.311 310.521 380.78
Profitability
EBIT-%86.5 %83.0 %69.6 %57.9 %69.6 %
ROA6.3 %4.8 %3.5 %1.8 %3.2 %
ROE8.4 %5.9 %3.8 %1.3 %2.1 %
ROI6.4 %4.9 %3.5 %1.8 %3.2 %
Economic value added (EVA)-37.81-83.49- 111.51- 150.72- 100.45
Solvency
Equity ratio49.9 %53.4 %55.7 %56.6 %58.9 %
Gearing92.8 %81.9 %74.4 %69.4 %64.1 %
Relative net indebtedness %941.2 %1024.9 %933.5 %1265.1 %816.5 %
Liquidity
Quick ratio0.10.10.20.20.1
Current ratio0.10.10.20.20.1
Cash and cash equivalents15.1322.13235.25285.32125.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-863.5 %-871.1 %-832.9 %-1112.1 %-743.9 %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:3.20%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:58.9%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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