TUNE FLYT ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 211.43 | 524.09 | 173.88 | ||
Gross profit | 1 043.99 | 434.32 | 91.21 | 266.59 | 136.19 |
EBIT | 812.86 | 309.68 | 24.87 | 175.60 | 111.41 |
Net earnings | 544.28 | 188.18 | -66.03 | 119.82 | -4.29 |
Shareholders equity total | 1 433.72 | 1 621.90 | 1 555.87 | 1 675.69 | 1 614.20 |
Balance sheet total (assets) | 3 538.21 | 3 418.81 | 3 150.01 | 3 161.91 | 3 208.67 |
Net debt | 1 004.49 | 1 146.31 | 1 229.46 | 939.62 | 726.84 |
Profitability | |||||
EBIT-% | 67.1 % | 59.1 % | 14.3 % | ||
ROA | 23.8 % | 8.9 % | 0.8 % | 5.6 % | 3.5 % |
ROE | 46.9 % | 12.3 % | -4.2 % | 7.4 % | -0.3 % |
ROI | 29.6 % | 10.1 % | 0.8 % | 6.0 % | 4.1 % |
Economic value added (EVA) | 561.72 | 185.04 | - 105.98 | 45.53 | -7.95 |
Solvency | |||||
Equity ratio | 40.5 % | 47.4 % | 49.4 % | 53.0 % | 50.3 % |
Gearing | 106.2 % | 95.7 % | 90.2 % | 72.5 % | 60.4 % |
Relative net indebtedness % | 130.9 % | 265.3 % | 816.5 % | ||
Liquidity | |||||
Quick ratio | 0.8 | 1.3 | 0.8 | 0.6 | 0.6 |
Current ratio | 0.8 | 1.3 | 0.8 | 0.6 | 0.6 |
Cash and cash equivalents | 518.76 | 406.48 | 174.38 | 275.28 | 248.80 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 26.8 | 62.0 | 186.8 | ||
Net working capital % | -10.7 % | 23.6 % | -33.1 % | ||
Credit risk | |||||
Credit rating | A | A | BBB | BBB | BBB |
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