Tiff Ejendomme ApS — Credit Rating and Financial Key Figures

CVR number: 38584952
Vestre Alle 50, 9000 Aalborg

Credit rating

Company information

Official name
Tiff Ejendomme ApS
Established
2017
Company form
Private limited company
Industry

About Tiff Ejendomme ApS

Tiff Ejendomme ApS (CVR number: 38584952) is a company from AALBORG. The company recorded a gross profit of 76.6 kDKK in 2023. The operating profit was 31.5 kDKK, while net earnings were -31.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak but Return on Equity (ROE) was -12.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 14.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Tiff Ejendomme ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit159.00118.00127.00100.0076.56
EBIT114.0073.0081.0055.0031.49
Net earnings13.0029.0036.0097.00-31.05
Shareholders equity total111.00140.00176.00273.00242.12
Balance sheet total (assets)1 876.001 833.001 795.001 750.001 705.93
Net debt1 722.001 593.001 505.001 337.001 407.08
Profitability
EBIT-%
ROA6.0 %3.9 %4.5 %12.0 %1.8 %
ROE12.4 %23.1 %22.8 %43.2 %-12.1 %
ROI6.1 %4.0 %4.7 %12.7 %1.9 %
Economic value added (EVA)6.17-22.98-13.89-30.54-46.76
Solvency
Equity ratio5.9 %7.6 %9.8 %15.6 %14.2 %
Gearing1553.2 %1140.7 %861.4 %493.8 %585.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.00.10.10.0
Current ratio0.00.00.10.10.0
Cash and cash equivalents2.004.0011.0011.0010.85
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:1.82%
Rating: 29/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:14.2%
Rating: 14/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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