Tig ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Tig ApS
Tig ApS (CVR number: 42314102) is a company from FREDERIKSHAVN. The company recorded a gross profit of 678.2 kDKK in 2023, demonstrating a growth of 39.3 % compared to the previous year. The operating profit was -21.8 kDKK, while net earnings were -22 kDKK. The profitability of the company measured by Return on Assets (ROA) was -29.3 %, which can be considered poor and Return on Equity (ROE) was -34.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -23.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Tig ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | |
---|---|---|---|
Volume | |||
Net sales | 370.38 | 510.19 | |
Gross profit | 342.22 | 486.99 | 678.19 |
EBIT | 37.14 | -68.26 | -21.85 |
Net earnings | 28.79 | -69.10 | -21.95 |
Shareholders equity total | 68.79 | -0.31 | -22.26 |
Balance sheet total (assets) | 133.49 | 53.26 | 73.24 |
Net debt | -47.66 | -13.87 | -46.45 |
Profitability | |||
EBIT-% | 10.0 % | -13.4 % | |
ROA | 27.8 % | -73.0 % | -29.3 % |
ROE | 41.9 % | -113.2 % | -34.7 % |
ROI | 54.0 % | -198.5 % | |
Economic value added (EVA) | 28.97 | -69.32 | -21.13 |
Solvency | |||
Equity ratio | 51.5 % | -0.6 % | -23.3 % |
Gearing | |||
Relative net indebtedness % | 4.6 % | 7.8 % | |
Liquidity | |||
Quick ratio | 2.1 | 1.0 | 0.8 |
Current ratio | 2.1 | 1.0 | 0.8 |
Cash and cash equivalents | 47.66 | 13.87 | 46.45 |
Capital use efficiency | |||
Trade debtors turnover (days) | 15.6 | 26.7 | |
Net working capital % | 18.6 % | -0.1 % | |
Credit risk | |||
Credit rating | BB | BB | BB |
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