Better Energy Tango K/S — Credit Rating and Financial Key Figures

CVR number: 38172166
Københavnsvej 81, 4000 Roskilde

Company information

Official name
Better Energy Tango K/S
Established
2016
Company form
Limited partnership
Industry

About Better Energy Tango K/S

Better Energy Tango K/S (CVR number: 38172166) is a company from ROSKILDE. The company recorded a gross profit of -13.1 kEUR in 2023. The operating profit was -13.1 kEUR, while net earnings were -33.1 kEUR. The profitability of the company measured by Return on Assets (ROA) was -1 %, which can be considered poor and Return on Equity (ROE) was -1.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Better Energy Tango K/S's liquidity measured by quick ratio was 521 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 (kEUR)

EBIT (kEUR)

Profitability

Solidity

Key figures (kEUR)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-13.07
EBIT-13.07
Net earnings153.63177.64- 199.84955.81-33.14
Shareholders equity total2 303.992 478.312 331.453 433.472 473.42
Balance sheet total (assets)8 143.787 455.262 364.833 434.932 475.09
Net debt4 879.234 748.840.27
Profitability
EBIT-%
ROA-1.0 %
ROE6.8 %7.4 %-8.3 %33.2 %-1.1 %
ROI-1.0 %
Economic value added (EVA)- 340.96- 342.78- 345.91-32.90-90.04
Solvency
Equity ratio16.5 %19.9 %98.6 %100.0 %99.9 %
Gearing234.6 %200.4 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.80.822.21 199.6521.0
Current ratio0.80.822.21 199.6521.0
Cash and cash equivalents526.78217.81
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBA

Variable visualization

ROA:-0.98%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.9%
Rating: 99/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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