TG Vesterbrogade 107 A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TG Vesterbrogade 107 A/S
TG Vesterbrogade 107 A/S (CVR number: 38708848) is a company from FREDENSBORG. The company reported a net sales of 7.5 mDKK in 2023, demonstrating a growth of 137.4 % compared to the previous year. The operating profit percentage was at 81 % (EBIT: 6.1 mDKK), while net earnings were 3770 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good but Return on Equity (ROE) was 19.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. TG Vesterbrogade 107 A/S's liquidity measured by quick ratio was 0.7 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 | 3 431.77 | 2 580.55 | 2 494.21 | 3 156.28 | 7 492.90 |
Gross profit | 3 878.25 | 4 591.59 | 1 806.16 | 1 672.99 | 6 094.11 |
EBIT | 3 878.25 | 4 571.45 | 1 757.83 | 1 624.65 | 6 065.91 |
Net earnings | 2 322.43 | 2 913.75 | 596.14 | 343.33 | 3 769.96 |
Shareholders equity total | 13 546.09 | 16 459.85 | 17 055.99 | 17 399.32 | 21 169.28 |
Balance sheet total (assets) | 66 252.91 | 67 525.36 | 71 959.49 | 73 426.06 | 71 203.37 |
Net debt | 44 328.93 | 45 693.38 | 47 509.90 | 43 416.60 | 39 320.79 |
Profitability | |||||
EBIT-% | 113.0 % | 177.1 % | 70.5 % | 51.5 % | 81.0 % |
ROA | 5.9 % | 6.8 % | 2.5 % | 2.2 % | 8.4 % |
ROE | 18.8 % | 19.4 % | 3.6 % | 2.0 % | 19.5 % |
ROI | 6.3 % | 7.1 % | 2.6 % | 2.3 % | 8.9 % |
Economic value added (EVA) | 153.57 | 1 211.55 | -1 196.88 | -1 161.35 | 1 990.37 |
Solvency | |||||
Equity ratio | 20.4 % | 24.4 % | 23.7 % | 24.6 % | 30.7 % |
Gearing | 346.0 % | 279.7 % | 295.2 % | 274.7 % | 196.2 % |
Relative net indebtedness % | 1391.4 % | 1840.1 % | 1951.2 % | 1525.6 % | 577.4 % |
Liquidity | |||||
Quick ratio | 0.2 | 0.0 | 0.2 | 0.5 | 0.7 |
Current ratio | 0.2 | 0.0 | 0.2 | 0.4 | 0.4 |
Cash and cash equivalents | 2 543.08 | 345.66 | 2 834.46 | 4 374.05 | 2 203.37 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -345.6 % | -475.8 % | -582.3 % | -209.3 % | -41.7 % |
Credit risk | |||||
Credit rating | AA | AA | AA | AA | AAA |
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