TNCWORLD HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 28152191
Stensballe Strandvej 129 B, 8700 Horsens
kni@tncworld.com
tel: 93924592
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Company information

Official name
TNCWORLD HOLDING ApS
Established
2004
Company form
Private limited company
Industry

About TNCWORLD HOLDING ApS

TNCWORLD HOLDING ApS (CVR number: 28152191) is a company from HORSENS. The company recorded a gross profit of -3.5 kDKK in 2022. The operating profit was -3.5 kDKK, while net earnings were 8.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.1 %, which can be considered weak but Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 45.2 %, 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. TNCWORLD HOLDING ApS's liquidity measured by quick ratio was 1.8 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
2018
2019
2020
2021
2022
Volume
Net sales
Gross profit-3.52-3.15-3.15-3.00-3.51
EBIT-3.52-3.15-3.15-3.00-3.51
Net earnings1.341.987.498.298.29
Shareholders equity total165.13167.11174.60182.89191.18
Balance sheet total (assets)375.57389.89401.75407.45423.41
Net debt155.88197.78215.29219.73227.72
Profitability
EBIT-%
ROA2.4 %2.8 %3.0 %3.2 %3.1 %
ROE0.8 %1.2 %4.4 %4.6 %4.4 %
ROI2.5 %2.8 %3.0 %3.2 %3.1 %
Economic value added (EVA)-9.21-8.90-10.49-11.37-12.65
Solvency
Equity ratio44.0 %42.9 %43.5 %44.9 %45.2 %
Gearing124.7 %130.6 %127.5 %120.3 %119.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.81.81.81.81.8
Current ratio1.81.81.81.81.8
Cash and cash equivalents50.0620.517.360.33
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:3.08%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:45.2%
Rating: 37/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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