TIN SØRENSEN HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TIN SØRENSEN HOLDING ApS
TIN SØRENSEN HOLDING ApS (CVR number: 25917294) is a company from AALBORG. The company reported a net sales of -0 mDKK in 2023, demonstrating a decline of -101.6 % compared to the previous year. The operating profit percentage was poor at 0 % (EBIT: -0 mDKK), while net earnings were -0.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.5 %, which can be considered weak but Return on Equity (ROE) was -0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 73.5 %, 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. TIN SØRENSEN HOLDING ApS's liquidity measured by quick ratio was 3.1 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 114.28 | 129.47 | 168.75 | 166.38 | -2.74 |
Gross profit | 114.18 | 129.31 | 168.60 | 164.72 | -5.09 |
EBIT | 114.18 | 129.31 | 168.60 | 164.72 | -5.09 |
Net earnings | 116.14 | 130.84 | 168.06 | 165.69 | -0.47 |
Shareholders equity total | 1 016.87 | 1 047.71 | 1 115.77 | 1 171.46 | 1 053.99 |
Balance sheet total (assets) | 1 069.13 | 1 174.54 | 1 304.75 | 1 445.56 | 1 434.97 |
Net debt | - 431.63 | - 539.39 | - 407.06 | - 139.25 | - 444.69 |
Profitability | |||||
EBIT-% | 99.9 % | 99.9 % | 99.9 % | 99.0 % | |
ROA | 11.5 % | 11.9 % | 14.0 % | 12.5 % | 0.5 % |
ROE | 11.5 % | 12.7 % | 15.5 % | 14.5 % | -0.0 % |
ROI | 11.5 % | 11.9 % | 14.0 % | 12.5 % | 0.5 % |
Economic value added (EVA) | 117.48 | 134.75 | 180.16 | 173.70 | -6.63 |
Solvency | |||||
Equity ratio | 95.1 % | 89.2 % | 85.5 % | 81.0 % | 73.5 % |
Gearing | 5.1 % | 12.1 % | 16.9 % | 23.4 % | 34.8 % |
Relative net indebtedness % | -377.7 % | -416.6 % | -241.2 % | -83.7 % | 15722.1 % |
Liquidity | |||||
Quick ratio | 13.8 | 6.7 | 4.9 | 3.9 | 3.1 |
Current ratio | 13.8 | 6.7 | 4.9 | 3.9 | 3.1 |
Cash and cash equivalents | 483.89 | 666.22 | 596.04 | 413.35 | 811.44 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 584.3 % | 555.5 % | 440.6 % | 470.5 % | -29877.6 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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