TN FOODS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TN FOODS ApS
TN FOODS ApS (CVR number: 25458923) is a company from VEJLE. The company recorded a gross profit of -0.4 kDKK in 2021. The operating profit was -0.4 kDKK, while net earnings were 3.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak but Return on Equity (ROE) was 4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 61.5 %, 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. TN FOODS ApS's liquidity measured by quick ratio was 2.6 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 financials2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 4.59 | 6.83 | 3.02 | 3.01 | -0.41 |
EBIT | 4.59 | 6.83 | 3.02 | 3.01 | -0.41 |
Net earnings | 7.28 | 9.00 | 6.07 | 6.11 | 3.42 |
Shareholders equity total | 87.28 | 89.00 | 86.07 | 86.11 | 83.42 |
Balance sheet total (assets) | 618.73 | 196.92 | 174.00 | 504.19 | 135.57 |
Net debt | 470.41 | 1.05 | 68.84 | 295.52 | 3.12 |
Profitability | |||||
EBIT-% | |||||
ROA | 1.5 % | 2.8 % | 4.2 % | 2.3 % | 1.4 % |
ROE | 8.3 % | 10.2 % | 6.9 % | 7.1 % | 4.0 % |
ROI | 1.7 % | 3.6 % | 6.2 % | 2.9 % | 1.9 % |
Economic value added (EVA) | 3.58 | 0.94 | -2.11 | -1.70 | -4.74 |
Solvency | |||||
Equity ratio | 14.1 % | 45.2 % | 49.5 % | 17.1 % | 61.5 % |
Gearing | 539.0 % | 1.2 % | 86.4 % | 343.2 % | 3.7 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.2 | 1.8 | 2.0 | 1.2 | 2.6 |
Current ratio | 1.2 | 1.8 | 2.0 | 1.2 | 2.6 |
Cash and cash equivalents | 0.03 | 5.49 | 0.00 | 0.00 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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