Tinax Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Tinax Holding ApS
Tinax Holding ApS (CVR number: 39962861) is a company from HELSINGØR. The company recorded a gross profit of -79.8 kDKK in 2024. The operating profit was -79.8 kDKK, while net earnings were 933.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.3 %, which can be considered excellent and Return on Equity (ROE) was 16.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 77.6 %, 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. Tinax Holding ApS's liquidity measured by quick ratio was 5.7 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -9.10 | -13.03 | -33.32 | -80.23 | -79.81 |
| EBIT | -9.10 | -13.03 | -33.32 | -80.23 | -79.81 |
| Net earnings | 708.89 | 1 027.07 | 1 291.52 | 1 411.92 | 933.46 |
| Shareholders equity total | 1 601.38 | 2 571.95 | 3 806.27 | 5 159.29 | 6 092.74 |
| Balance sheet total (assets) | 2 704.87 | 4 483.57 | 5 982.40 | 6 644.66 | 7 849.15 |
| Net debt | - 541.04 | -1 358.33 | -1 857.79 | -3 720.26 | -4 719.57 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 30.5 % | 31.2 % | 33.3 % | 28.2 % | 17.3 % |
| ROE | 55.6 % | 49.2 % | 40.5 % | 31.5 % | 16.6 % |
| ROI | 33.5 % | 32.1 % | 34.1 % | 29.4 % | 17.8 % |
| Economic value added (EVA) | 85.63 | 88.30 | 104.90 | 107.30 | -0.82 |
| Solvency | |||||
| Equity ratio | 59.2 % | 57.4 % | 63.6 % | 77.6 % | 77.6 % |
| Gearing | 58.5 % | 73.6 % | 51.3 % | 23.5 % | 26.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.5 | 1.8 | 2.0 | 3.4 | 5.7 |
| Current ratio | 1.5 | 1.8 | 2.0 | 3.4 | 5.7 |
| Cash and cash equivalents | 1 477.11 | 3 251.85 | 3 810.82 | 4 935.20 | 6 351.40 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | A | A | A | A |
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