TT SYSTEM A/S — Credit Rating and Financial Key Figures

CVR number: 29606749
Ørstedsvej 8, 8660 Skanderborg
Free credit report Annual report

Company information

Official name
TT SYSTEM A/S
Personnel
15 persons
Established
2006
Company form
Limited company
Industry

About TT SYSTEM A/S

TT SYSTEM A/S (CVR number: 29606749) is a company from SKANDERBORG. The company recorded a gross profit of 16.8 mDKK in 2024. The operating profit was 5640 kDKK, while net earnings were 4495.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 35.8 %, which can be considered excellent and Return on Equity (ROE) was 47.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 57.6 %, 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. TT SYSTEM A/S's liquidity measured by quick ratio was 2.5 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit13 014.9914 496.2315 757.7819 240.3116 773.53
EBIT5 417.655 523.355 416.397 386.655 640.04
Net earnings4 174.134 225.434 437.435 836.224 495.83
Shareholders equity total9 195.288 420.719 858.1310 694.358 190.19
Balance sheet total (assets)14 094.6218 990.2019 412.7118 889.5614 966.48
Net debt-4 286.86-2 125.09-6 047.45-2 783.71-1 023.27
Profitability
EBIT-%
ROA42.6 %33.5 %29.0 %40.4 %35.8 %
ROE48.5 %48.0 %48.6 %56.8 %47.6 %
ROI61.3 %62.7 %60.6 %74.9 %63.2 %
Economic value added (EVA)3 793.483 837.313 939.335 111.773 806.90
Solvency
Equity ratio65.2 %48.2 %60.8 %57.3 %57.6 %
Gearing0.1 %0.6 %0.4 %0.4 %0.3 %
Relative net indebtedness %
Liquidity
Quick ratio2.82.13.02.32.5
Current ratio2.81.82.02.32.2
Cash and cash equivalents4 294.472 178.276 090.082 822.301 047.83
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:35.8%
Rating: 87/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:57.6%
Rating: 45/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

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