TINGGAARD A/S — Credit Rating and Financial Key Figures

CVR number: 35046984
Stadionvej 13, 8970 Havndal
tinggaard@post.tele.dk
tel: 41195951

Company information

Official name
TINGGAARD A/S
Personnel
35 persons
Established
2013
Company form
Limited company
Industry

About TINGGAARD A/S

TINGGAARD A/S (CVR number: 35046984) is a company from RANDERS. The company recorded a gross profit of 14.3 mDKK in 2023. The operating profit was 3666.3 kDKK, while net earnings were -239.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 31.1 %, which can be considered excellent but Return on Equity (ROE) was -6.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TINGGAARD A/S's liquidity measured by quick ratio was 0.2 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit10 844.7912 336.2012 916.0913 949.0114 270.93
EBIT2 873.603 791.043 811.044 028.333 666.27
Net earnings-28.68636.61434.54504.60- 239.76
Shareholders equity total2 679.993 316.613 541.143 895.743 535.98
Balance sheet total (assets)9 034.5210 271.849 550.5711 191.8212 408.09
Net debt2 938.223 418.512 442.342 477.194 959.09
Profitability
EBIT-%
ROA33.8 %39.3 %38.5 %38.8 %31.1 %
ROE-1.1 %21.2 %12.7 %13.6 %-6.5 %
ROI47.1 %53.2 %50.5 %50.2 %37.7 %
Economic value added (EVA)1 803.832 751.912 729.642 916.102 664.02
Solvency
Equity ratio29.7 %32.3 %37.1 %34.8 %28.5 %
Gearing109.6 %103.1 %69.0 %63.6 %140.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.20.20.20.2
Current ratio0.60.70.80.80.7
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAA

Variable visualization

ROA:31.1%
Rating: 84/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:28.5%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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