TAGE IVERSEN HOLDING A/S — Credit Rating and Financial Key Figures

TAGE IVERSEN HOLDING A/S (CVR number: 20128194) is a company from SKANDERBORG. The company recorded a gross profit of 40.5 kDKK in 2023. The operating profit was 21.5 kDKK, while net earnings were -20.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.2 %, which can be considered weak but Return on Equity (ROE) was -3.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 34.8 %, 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. TAGE IVERSEN HOLDING A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.