TICAN FRESH MEAT A/S — Credit Rating and Financial Key Figures

TICAN FRESH MEAT A/S (CVR number: 26786576K) is a company from THISTED. The company reported a net sales of 7398.1 mDKK in 2023, demonstrating a decline of -14.2 % compared to the previous year. The operating profit percentage was at 1.8 % (EBIT: 135.4 mDKK), while net earnings were 79.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5 %, which can be considered decent but Return on Equity (ROE) was 15.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 27.7 %, 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. TICAN FRESH MEAT A/S's liquidity measured by quick ratio was 11.3 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.