Credit rating
Company information
About T. LINNEMANN ApS
T. LINNEMANN ApS (CVR number: 30509552) is a company from KØBENHAVN. The company recorded a gross profit of 61.5 kDKK in 2023. The operating profit was -61.5 kDKK, while net earnings were -61.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12 %, which can be considered poor and Return on Equity (ROE) was -23.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 61.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. T. LINNEMANN ApS's liquidity measured by quick ratio was 1.6 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 | 714.78 | ||||
Gross profit | 388.34 | 32.34 | 279.24 | 18.80 | 61.46 |
EBIT | 224.14 | - 215.84 | 93.19 | - 124.09 | -61.48 |
Net earnings | 171.84 | - 220.88 | 88.64 | - 125.11 | -61.59 |
Shareholders equity total | 575.97 | 355.09 | 443.72 | 293.61 | 232.03 |
Balance sheet total (assets) | 846.45 | 477.23 | 609.49 | 645.40 | 376.20 |
Net debt | - 731.01 | - 466.43 | - 534.46 | - 441.01 | -29.57 |
Profitability | |||||
EBIT-% | 31.4 % | ||||
ROA | 34.0 % | -32.6 % | 17.1 % | -19.8 % | -12.0 % |
ROE | 35.1 % | -47.4 % | 22.2 % | -33.9 % | -23.4 % |
ROI | 45.7 % | -46.4 % | 23.1 % | -32.8 % | -22.5 % |
Economic value added (EVA) | 173.40 | - 208.05 | 98.78 | - 119.05 | -53.56 |
Solvency | |||||
Equity ratio | 68.0 % | 74.4 % | 72.8 % | 45.5 % | 61.7 % |
Gearing | 2.1 % | 3.5 % | 4.3 % | ||
Relative net indebtedness % | -64.4 % | ||||
Liquidity | |||||
Quick ratio | 3.1 | 3.9 | 3.7 | 1.3 | 1.6 |
Current ratio | 3.1 | 3.9 | 3.7 | 1.3 | 1.6 |
Cash and cash equivalents | 731.01 | 466.43 | 543.97 | 451.16 | 39.51 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 55.8 | ||||
Net working capital % | 79.7 % | ||||
Credit risk | |||||
Credit rating | BB | B | BB | B | BB |
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