TURNER BROADCASTING SYSTEM DENMARK ApS — Credit Rating and Financial Key Figures

CVR number: 26404509
H.C. Andersens Boulevard 1, 1553 København V

Credit rating

Company information

Official name
TURNER BROADCASTING SYSTEM DENMARK ApS
Personnel
6 persons
Established
2002
Company form
Private limited company
Industry

About TURNER BROADCASTING SYSTEM DENMARK ApS

TURNER BROADCASTING SYSTEM DENMARK ApS (CVR number: 26404509) is a company from KØBENHAVN. The company recorded a gross profit of 11 mDKK in 2023. The operating profit was 4692.3 kDKK, while net earnings were 1776.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good but Return on Equity (ROE) was 4.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 70.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TURNER BROADCASTING SYSTEM DENMARK ApS's liquidity measured by quick ratio was 3.4 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales112.54132.69138.57
Gross profit29.2320.4725.266.0910.98
EBIT9.924.448.47-0.984.69
Net earnings4.365.126.712.861.78
Shareholders equity total24.1729.2936.0038.8640.64
Balance sheet total (assets)85.5465.8470.9182.8657.72
Net debt-7.29-16.53-10.7824.29-10.28
Profitability
EBIT-%8.8 %3.3 %6.1 %
ROA18.8 %8.7 %12.8 %5.6 %8.9 %
ROE19.8 %19.2 %20.5 %7.6 %4.5 %
ROI21.8 %10.3 %14.6 %5.8 %9.2 %
Economic value added (EVA)7.195.157.04-0.482.53
Solvency
Equity ratio28.3 %44.5 %50.6 %46.9 %70.4 %
Gearing209.9 %73.5 %85.0 %105.8 %35.4 %
Relative net indebtedness %3.0 %-1.1 %-4.7 %
Liquidity
Quick ratio1.41.92.01.93.4
Current ratio1.41.92.01.93.4
Cash and cash equivalents58.0338.0741.4016.8324.66
Capital use efficiency
Trade debtors turnover (days)85.674.076.1
Net working capital %21.4 %23.0 %25.9 %
Credit risk
Credit ratingAAAAAAABBB

Variable visualization

ROA:8.88%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.4%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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