Tang Biler Ringkøbing A/S — Credit Rating and Financial Key Figures

Tang Biler Ringkøbing A/S (CVR number: 37205656) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of 4600.5 kDKK in 2023. The operating profit was 2000.1 kDKK, while net earnings were 1460.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.7 %, which can be considered good but Return on Equity (ROE) was 22.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.3 %, 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. Tang Biler Ringkøbing 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.