TIGAS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TIGAS ApS
TIGAS ApS (CVR number: 42370169) is a company from HERLEV. The company reported a net sales of 0.4 mDKK in 2024, demonstrating a decline of -33.9 % compared to the previous year. The operating profit percentage was at 47.4 % (EBIT: 0.2 mDKK), while net earnings were 131.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 75.2 %, which can be considered excellent and Return on Equity (ROE) was 90.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 78.2 %, 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. TIGAS ApS's liquidity measured by quick ratio was 4.6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Volume | ||||
Net sales | 307.01 | 182.25 | 535.67 | 354.19 |
Gross profit | 64.95 | 102.61 | 209.81 | 186.91 |
EBIT | 64.95 | -74.68 | 209.81 | 167.96 |
Net earnings | 41.35 | -62.55 | 160.40 | 131.61 |
Shareholders equity total | 81.35 | 18.80 | 79.20 | 210.80 |
Balance sheet total (assets) | 114.33 | 40.31 | 177.27 | 269.53 |
Net debt | -76.63 | -11.35 | 57.68 | 5.81 |
Profitability | ||||
EBIT-% | 21.2 % | -41.0 % | 39.2 % | 47.4 % |
ROA | 56.8 % | -96.6 % | 192.9 % | 75.2 % |
ROE | 50.8 % | -124.9 % | 327.3 % | 90.8 % |
ROI | 56.8 % | -101.4 % | 231.0 % | 86.9 % |
Economic value added (EVA) | 43.58 | -66.14 | 159.52 | 125.49 |
Solvency | ||||
Equity ratio | 71.2 % | 46.6 % | 44.7 % | 78.2 % |
Gearing | 40.5 % | 75.3 % | 87.7 % | 12.9 % |
Relative net indebtedness % | -25.0 % | -2.2 % | 16.1 % | 10.6 % |
Liquidity | ||||
Quick ratio | 3.5 | 1.9 | 1.8 | 4.6 |
Current ratio | 3.5 | 1.9 | 1.8 | 4.6 |
Cash and cash equivalents | 109.60 | 25.51 | 11.79 | 21.30 |
Capital use efficiency | ||||
Trade debtors turnover (days) | 92.9 | |||
Net working capital % | 26.5 % | 10.3 % | 14.8 % | 59.5 % |
Credit risk | ||||
Credit rating | BB | BB | BB | BB |
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