TV 2 NETWORKS A/S — Credit Rating and Financial Key Figures

CVR number: 26603471
Rugårdsvej 25, 5000 Odense C
zulu@tv.dk
tel: 33797350

Credit rating

Company information

Official name
TV 2 NETWORKS A/S
Established
2002
Company form
Limited company
Industry
  • Expand more icon60Programming and broadcasting activities

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1.081.221 243.911 352.181 440.11
Gross profit1.081.22453.37489.17569.54
EBIT0.250.32259.29240.13296.88
Net earnings0.190.25201.68186.56231.07
Shareholders equity total0.230.30326.87303.43349.50
Balance sheet total (assets)9.07435.69417.77498.87
Net debt-9.07-14.29-3.6772.55
Profitability
EBIT-%22.9 %25.8 %20.8 %17.8 %20.6 %
ROA3.5 %116.7 %56.3 %64.8 %
ROE40.2 %46.4 %123.3 %59.2 %70.8 %
ROI3.5 %138.9 %67.8 %73.2 %
Economic value added (EVA)0.230.30202.68171.64216.83
Solvency
Equity ratio100.0 %100.0 %75.0 %72.6 %70.1 %
Gearing0.3 %2.1 %22.6 %
Relative net indebtedness %-742.4 %4.6 %5.2 %7.2 %
Liquidity
Quick ratio3.12.41.9
Current ratio6.05.24.5
Cash and cash equivalents9.0715.3910.146.33
Capital use efficiency
Trade debtors turnover (days)45.248.344.7
Net working capital %742.4 %29.2 %25.0 %27.0 %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:64.8%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:70.1%
Rating: 53/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

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