Tungsten Automation Development A/S

Tungsten Automation Development A/S (CVR number: 21382086) is a company from HERLEV. The company recorded a gross profit of 14.8 mDKK in 2023. The operating profit was 2209.8 kDKK, while net earnings were 3277.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.6 %, which can be considered decent and Return on Equity (ROE) was 5.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 78.1 %, 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. Tungsten Automation Development A/S's liquidity measured by quick ratio was 4.6 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.