TTIT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TTIT A/S
TTIT A/S (CVR number: 11988598) is a company from KALUNDBORG. The company recorded a gross profit of 289 kDKK in 2023. The operating profit was -2003.2 kDKK, while net earnings were 28.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good and Return on Equity (ROE) was 8.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 98.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TTIT A/S's liquidity measured by quick ratio was 17.7 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 | - 124.72 | 269.73 | 369.30 | 346.55 | 289.03 |
EBIT | -2 600.76 | -1 131.02 | -1 601.69 | -2 031.74 | -2 003.20 |
Net earnings | 8 400.31 | 38 909.66 | - 393.02 | 37 511.35 | 28 603.58 |
Shareholders equity total | 253 485.32 | 282 394.97 | 282 001.95 | 319 513.31 | 348 116.89 |
Balance sheet total (assets) | 288 739.15 | 291 813.85 | 290 766.86 | 327 919.38 | 352 641.29 |
Net debt | 31 684.88 | 7 993.51 | 8 316.89 | 7 689.69 | 4 146.65 |
Profitability | |||||
EBIT-% | |||||
ROA | 2.8 % | 13.3 % | -0.2 % | 12.0 % | 8.3 % |
ROE | 3.4 % | 14.5 % | -0.1 % | 12.5 % | 8.6 % |
ROI | 2.8 % | 13.4 % | -0.2 % | 12.1 % | 8.3 % |
Economic value added (EVA) | 5 702.05 | 7 269.80 | 5 119.61 | 4 812.35 | 1 835.83 |
Solvency | |||||
Equity ratio | 87.8 % | 96.8 % | 97.0 % | 97.4 % | 98.7 % |
Gearing | 12.9 % | 3.2 % | 3.0 % | 2.6 % | 1.2 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 4.1 | 4.2 | 10.1 | 17.7 |
Current ratio | 0.9 | 4.1 | 4.2 | 10.1 | 17.7 |
Cash and cash equivalents | 943.63 | 972.74 | 135.29 | 511.44 | 140.57 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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