TUNE FLYT ApS — Credit Rating and Financial Key Figures

CVR number: 32675433
Ravnsbjergvej 12, Vestre Vig 4560 Vig

Credit rating

Company information

Official name
TUNE FLYT ApS
Personnel
1 person
Established
2010
Domicile
Vestre Vig
Company form
Private limited company
Industry

About TUNE FLYT ApS

TUNE FLYT ApS (CVR number: 32675433) is a company from ODSHERRED. The company recorded a gross profit of 136.2 kDKK in 2023. The operating profit was 111.4 kDKK, while net earnings were -4.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.5 %, which can be considered weak but Return on Equity (ROE) was -0.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 50.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. TUNE FLYT ApS's liquidity measured by quick ratio was 0.6 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 211.43524.09173.88
Gross profit1 043.99434.3291.21266.59136.19
EBIT812.86309.6824.87175.60111.41
Net earnings544.28188.18-66.03119.82-4.29
Shareholders equity total1 433.721 621.901 555.871 675.691 614.20
Balance sheet total (assets)3 538.213 418.813 150.013 161.913 208.67
Net debt1 004.491 146.311 229.46939.62726.84
Profitability
EBIT-%67.1 %59.1 %14.3 %
ROA23.8 %8.9 %0.8 %5.6 %3.5 %
ROE46.9 %12.3 %-4.2 %7.4 %-0.3 %
ROI29.6 %10.1 %0.8 %6.0 %4.1 %
Economic value added (EVA)561.72185.04- 105.9845.53-7.95
Solvency
Equity ratio40.5 %47.4 %49.4 %53.0 %50.3 %
Gearing106.2 %95.7 %90.2 %72.5 %60.4 %
Relative net indebtedness %130.9 %265.3 %816.5 %
Liquidity
Quick ratio0.81.30.80.60.6
Current ratio0.81.30.80.60.6
Cash and cash equivalents518.76406.48174.38275.28248.80
Capital use efficiency
Trade debtors turnover (days)26.862.0186.8
Net working capital %-10.7 %23.6 %-33.1 %
Credit risk
Credit ratingAABBBBBBBBB

Variable visualization

ROA:3.50%
Rating: 38/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:50.3%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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