Tighten By Elongation ApS — Credit Rating and Financial Key Figures

CVR number: 41487917
Lysholt Allé 8, 7100 Vejle

Credit rating

Company information

Official name
Tighten By Elongation ApS
Established
2020
Company form
Private limited company
Industry

About Tighten By Elongation ApS

Tighten By Elongation ApS (CVR number: 41487917) is a company from VEJLE. The company recorded a gross profit of -15.4 kDKK in 2023. The operating profit was -15.4 kDKK, while net earnings were -39.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.7 %, which can be considered poor and Return on Equity (ROE) was -3.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -0.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Tighten By Elongation ApS's liquidity measured by quick ratio was 0 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
Volume
Net sales
Gross profit-70.72-10.31-17.06-15.35
EBIT-70.72-10.31-17.06-15.35
Net earnings55.95-30.25-42.92-39.76
Shareholders equity total95.9565.7022.77-16.99
Balance sheet total (assets)2 798.522 459.182 072.372 070.20
Net debt2 296.412 100.101 777.811 816.39
Profitability
EBIT-%
ROA-2.5 %-0.4 %-0.8 %-0.7 %
ROE58.3 %-37.4 %-97.0 %-3.8 %
ROI-2.6 %-0.4 %-0.8 %-0.7 %
Economic value added (EVA)-50.2153.8459.5962.56
Solvency
Equity ratio3.4 %2.7 %1.1 %-0.8 %
Gearing2393.5 %3281.5 %8007.0 %-10944.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.20.00.0
Current ratio0.40.20.00.0
Cash and cash equivalents55.6545.4743.36
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:-0.70%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-0.81%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chairman of the board

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