TV 2 NETWORKS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TV 2 NETWORKS A/S
TV 2 NETWORKS A/S (CVR number: 26603471) is a company from ODENSE. The company reported a net sales of 1440.1 mDKK in 2023, demonstrating a growth of 6.5 % compared to the previous year. The operating profit percentage was at 20.6 % (EBIT: 296.9 mDKK), while net earnings were 231.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 64.8 %, which can be considered excellent and Return on Equity (ROE) was 70.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 70.1 %, 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. TV 2 NETWORKS A/S's liquidity measured by quick ratio was 1.9 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 (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1.08 | 1.22 | 1 243.91 | 1 352.18 | 1 440.11 |
Gross profit | 1.08 | 1.22 | 453.37 | 489.17 | 569.54 |
EBIT | 0.25 | 0.32 | 259.29 | 240.13 | 296.88 |
Net earnings | 0.19 | 0.25 | 201.68 | 186.56 | 231.07 |
Shareholders equity total | 0.23 | 0.30 | 326.87 | 303.43 | 349.50 |
Balance sheet total (assets) | 9.07 | 435.69 | 417.77 | 498.87 | |
Net debt | -9.07 | -14.29 | -3.67 | 72.55 | |
Profitability | |||||
EBIT-% | 22.9 % | 25.8 % | 20.8 % | 17.8 % | 20.6 % |
ROA | 3.5 % | 116.7 % | 56.3 % | 64.8 % | |
ROE | 40.2 % | 46.4 % | 123.3 % | 59.2 % | 70.8 % |
ROI | 3.5 % | 138.9 % | 67.8 % | 73.2 % | |
Economic value added (EVA) | 0.23 | 0.30 | 202.68 | 171.64 | 216.83 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 75.0 % | 72.6 % | 70.1 % |
Gearing | 0.3 % | 2.1 % | 22.6 % | ||
Relative net indebtedness % | -742.4 % | 4.6 % | 5.2 % | 7.2 % | |
Liquidity | |||||
Quick ratio | 3.1 | 2.4 | 1.9 | ||
Current ratio | 6.0 | 5.2 | 4.5 | ||
Cash and cash equivalents | 9.07 | 15.39 | 10.14 | 6.33 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 45.2 | 48.3 | 44.7 | ||
Net working capital % | 742.4 % | 29.2 % | 25.0 % | 27.0 % | |
Credit risk | |||||
Credit rating | B | BB | BB | BB | BBB |
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