TT ELECTRIC ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TT ELECTRIC ApS
TT ELECTRIC ApS (CVR number: 35631097) is a company from ALLERØD. The company recorded a gross profit of 1162.4 kDKK in 2024. The operating profit was -365.3 kDKK, while net earnings were -288.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -53.7 %, which can be considered poor and Return on Equity (ROE) was -72.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -7.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TT ELECTRIC ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 573.36 | 1 526.33 | 2 309.43 | 1 243.83 | 1 162.40 |
EBIT | 23.39 | -67.23 | 721.16 | - 484.73 | - 365.32 |
Net earnings | 0.15 | -79.48 | 568.99 | - 379.76 | - 288.12 |
Shareholders equity total | 130.19 | 50.71 | 619.70 | 239.94 | -48.19 |
Balance sheet total (assets) | 946.89 | 765.08 | 1 280.69 | 754.54 | 558.90 |
Net debt | 308.15 | 250.06 | - 165.65 | 97.12 | 389.52 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.6 % | -7.8 % | 70.5 % | -47.6 % | -53.7 % |
ROE | 0.1 % | -87.9 % | 169.7 % | -88.4 % | -72.1 % |
ROI | 6.0 % | -16.3 % | 132.5 % | -88.5 % | -92.3 % |
Economic value added (EVA) | 7.04 | -90.37 | 561.80 | - 414.67 | - 303.38 |
Solvency | |||||
Equity ratio | 13.7 % | 6.6 % | 48.4 % | 31.8 % | -7.9 % |
Gearing | 253.7 % | 612.7 % | 17.4 % | 53.4 % | -878.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.3 | 1.1 | 1.8 | 1.2 | 0.7 |
Current ratio | 1.5 | 1.4 | 1.9 | 1.4 | 0.9 |
Cash and cash equivalents | 22.19 | 60.65 | 273.62 | 31.07 | 33.85 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BBB | BBB | BB |
Variable visualization
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