TNK Trading ApS
Credit rating
Company information
About TNK Trading ApS
TNK Trading ApS (CVR number: 38642006) is a company from SYDDJURS. The company recorded a gross profit of 1452.1 kDKK in 2023. The operating profit was -11 kDKK, while net earnings were -11.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.4 %, which can be considered poor and Return on Equity (ROE) was -2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.3 %, 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. TNK Trading ApS's liquidity measured by quick ratio was 1.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 12.95 | 108.40 | 295.42 | 1 178.73 | 1 452.09 |
EBIT | - 176.79 | -5.17 | 18.12 | 492.46 | -10.97 |
Net earnings | - 140.47 | -6.17 | 12.04 | 381.24 | -11.09 |
Shareholders equity total | 175.85 | 169.68 | 181.72 | 562.96 | 551.87 |
Balance sheet total (assets) | 726.18 | 1 411.37 | 3 067.34 | 4 434.32 | 1 561.71 |
Net debt | -25.53 | - 837.18 | -1 145.23 | -1 608.27 | - 319.26 |
Profitability | |||||
EBIT-% | |||||
ROA | -22.7 % | -0.5 % | 0.8 % | 13.1 % | -0.4 % |
ROE | -57.1 % | -3.6 % | 6.9 % | 102.4 % | -2.0 % |
ROI | -38.3 % | -2.7 % | 10.3 % | 131.1 % | -1.9 % |
Economic value added (EVA) | - 154.70 | -10.50 | 46.52 | 430.98 | 41.79 |
Solvency | |||||
Equity ratio | 24.2 % | 12.0 % | 5.9 % | 12.7 % | 35.3 % |
Gearing | 22.9 % | 1.0 % | 1.1 % | 3.5 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.2 | 1.1 | 1.1 | 1.1 | 1.5 |
Current ratio | 1.2 | 1.1 | 1.1 | 1.1 | 1.5 |
Cash and cash equivalents | 65.73 | 838.96 | 1 145.23 | 1 614.68 | 338.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | B | B | BB |
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