TITECH ELECTRIC A/S — Credit Rating and Financial Key Figures

CVR number: 25350170
Ove Gjeddes Vej 11-19, 5220 Odense SØ
titech@titech.dk
tel: 63966565

Credit rating

Company information

Official name
TITECH ELECTRIC A/S
Personnel
199 persons
Established
2000
Company form
Limited company
Industry
  • Expand more icon27Manufacture of electrical equipment

About TITECH ELECTRIC A/S

TITECH ELECTRIC A/S (CVR number: 25350170) is a company from ODENSE. The company recorded a gross profit of 106.1 mDKK in 2024. The operating profit was 27.2 mDKK, while net earnings were 21.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 28.7 %, which can be considered excellent and Return on Equity (ROE) was 47.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 44.9 %, 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. TITECH ELECTRIC A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit50 077.0054 426.0068 784.0093 492.53106 095.38
EBIT194.005 609.0010 018.0020 544.0627 186.74
Net earnings114.004 224.007 571.0016 195.2121 326.87
Shareholders equity total17 553.0021 778.0025 349.0039 544.3350 871.20
Balance sheet total (assets)46 028.0051 791.0064 938.0080 438.97113 210.27
Net debt-18 748.9820 046.89
Profitability
EBIT-%
ROA0.4 %11.5 %17.2 %29.2 %28.7 %
ROE0.7 %21.5 %32.1 %49.9 %47.2 %
ROI0.4 %11.5 %17.2 %38.8 %47.3 %
Economic value added (EVA)- 682.314 726.968 923.6614 711.5120 145.71
Solvency
Equity ratio100.0 %100.0 %100.0 %49.2 %44.9 %
Gearing0.3 %39.5 %
Relative net indebtedness %
Liquidity
Quick ratio1.50.9
Current ratio2.01.4
Cash and cash equivalents18 877.4936.28
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBA

Variable visualization

ROA:28.7%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.9%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Chief executive officer

Companies in the same industry

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