TE CE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TE CE A/S
TE CE A/S (CVR number: 14339191) is a company from RUDERSDAL. The company recorded a gross profit of -23.4 kDKK in 2023. The operating profit was -23.4 kDKK, while net earnings were 119.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6 %, which can be considered decent and Return on Equity (ROE) was 5.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TE CE A/S's liquidity measured by quick ratio was 167.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -18.16 | -24.36 | -29.18 | -22.62 | -23.44 |
EBIT | -18.16 | -24.36 | -29.18 | -22.62 | -23.44 |
Net earnings | -34.28 | 99.39 | - 114.32 | 3.06 | 119.91 |
Shareholders equity total | 2 611.64 | 2 600.43 | 2 373.10 | 2 261.77 | 2 263.87 |
Balance sheet total (assets) | 2 623.33 | 2 613.99 | 2 386.67 | 2 275.33 | 2 277.44 |
Net debt | -2 608.03 | -2 606.17 | -2 370.89 | -2 249.13 | -2 259.84 |
Profitability | |||||
EBIT-% | |||||
ROA | 0.5 % | 4.2 % | 3.5 % | 2.5 % | 6.0 % |
ROE | -1.3 % | 3.8 % | -4.6 % | 0.1 % | 5.3 % |
ROI | 0.5 % | 4.2 % | 3.6 % | 2.5 % | 6.0 % |
Economic value added (EVA) | -19.09 | -24.30 | -29.25 | -22.68 | -23.63 |
Solvency | |||||
Equity ratio | 99.6 % | 99.5 % | 99.4 % | 99.4 % | 99.4 % |
Gearing | 0.0 % | 0.0 % | 0.0 % | 0.0 % | 0.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 224.4 | 192.7 | 175.9 | 167.7 | 167.9 |
Current ratio | 224.4 | 192.7 | 175.9 | 167.7 | 167.9 |
Cash and cash equivalents | 2 609.09 | 2 607.24 | 2 371.96 | 2 250.19 | 2 260.90 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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