TARGUS DENMARK ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TARGUS DENMARK ApS
TARGUS DENMARK ApS (CVR number: 24218457) is a company from KØBENHAVN. The company reported a net sales of 4 mDKK in 2023, demonstrating a growth of 28.8 % compared to the previous year. The operating profit percentage was at 4.8 % (EBIT: 0.2 mDKK), while net earnings were 151.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21 %, which can be considered excellent and Return on Equity (ROE) was 38.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 51.5 %, 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. TARGUS DENMARK ApS's liquidity measured by quick ratio was 2.1 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 631.76 | 2 567.26 | 1 695.18 | 3 089.08 | 3 979.91 |
Gross profit | 1 467.56 | 1 554.20 | 1 039.98 | 1 734.50 | 2 652.74 |
EBIT | 126.99 | 128.28 | 83.38 | 147.63 | 190.29 |
Net earnings | 95.07 | 93.94 | 61.80 | 113.02 | 151.44 |
Shareholders equity total | 2 850.95 | 2 944.89 | 206.69 | 319.71 | 471.15 |
Balance sheet total (assets) | 3 488.25 | 3 746.03 | 759.03 | 900.22 | 915.05 |
Net debt | - 308.72 | - 485.65 | - 365.83 | - 483.93 | -12.99 |
Profitability | |||||
EBIT-% | 4.8 % | 5.0 % | 4.9 % | 4.8 % | 4.8 % |
ROA | 3.7 % | 3.5 % | 3.7 % | 17.8 % | 21.0 % |
ROE | 3.4 % | 3.2 % | 3.9 % | 42.9 % | 38.3 % |
ROI | 4.5 % | 4.4 % | 5.0 % | 42.7 % | 47.0 % |
Economic value added (EVA) | -33.07 | -29.17 | -59.74 | -12.91 | 160.84 |
Solvency | |||||
Equity ratio | 81.7 % | 78.6 % | 27.2 % | 35.5 % | 51.5 % |
Gearing | 61.3 % | 0.4 % | |||
Relative net indebtedness % | 12.5 % | 12.3 % | 3.5 % | 3.1 % | 10.8 % |
Liquidity | |||||
Quick ratio | 5.5 | 4.8 | 1.4 | 1.6 | 2.1 |
Current ratio | 5.5 | 4.8 | 1.4 | 1.6 | 2.1 |
Cash and cash equivalents | 308.72 | 485.65 | 492.51 | 485.13 | 12.99 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 108.3 % | 115.8 % | 13.3 % | 10.9 % | 11.8 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | BB | BB |
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