TIBNOR A/S — Credit Rating and Financial Key Figures

TIBNOR A/S (CVR number: 18234114) is a company from ODENSE. The company reported a net sales of 2214.2 mDKK in 2023, demonstrating a decline of -23.3 % compared to the previous year. The operating profit percentage was poor at -1.5 % (EBIT: -32.5 mDKK), while net earnings were -37.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was -2.7 %, which can be considered poor and Return on Equity (ROE) was -10.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.6 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TIBNOR A/S'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.