TRUE NORTH ApS — Credit Rating and Financial Key Figures

CVR number: 30562569
Rungstedvej 41, 2970 Hørsholm
nml@truenorth.dk
tel: 60216206
www.truenorth.dk

Credit rating

Company information

Official name
TRUE NORTH ApS
Personnel
9 persons
Established
2008
Company form
Private limited company
Industry

About TRUE NORTH ApS

TRUE NORTH ApS (CVR number: 30562569) is a company from HØRSHOLM. The company recorded a gross profit of 6409.1 kDKK in 2024. The operating profit was 2754.4 kDKK, while net earnings were 2503.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 69.4 %, which can be considered excellent and Return on Equity (ROE) was 139.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.5 %, 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. TRUE NORTH ApS's liquidity measured by quick ratio was 1.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit3 186.913 004.304 087.313 968.586 409.09
EBIT670.10329.93962.041 354.472 754.36
Net earnings514.52244.131 403.561 107.312 503.23
Shareholders equity total938.57382.701 542.261 249.572 332.80
Balance sheet total (assets)3 972.002 717.093 031.863 233.235 761.44
Net debt-2 351.25-1 270.92- 968.88-1 598.54-4 588.31
Profitability
EBIT-%
ROA20.1 %10.2 %56.8 %45.4 %69.4 %
ROE75.5 %37.0 %145.8 %79.3 %139.8 %
ROI84.7 %51.4 %169.7 %101.8 %174.3 %
Economic value added (EVA)490.63208.30814.84984.732 147.35
Solvency
Equity ratio23.6 %14.1 %50.9 %38.6 %40.5 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio1.10.92.01.61.6
Current ratio1.10.92.01.61.6
Cash and cash equivalents2 351.251 270.92968.881 598.544 588.31
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:69.4%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:40.5%
Rating: 33/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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