TMF DENMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About TMF DENMARK A/S
TMF DENMARK A/S (CVR number: 25014855) is a company from KØBENHAVN. The company reported a net sales of 45.3 mDKK in 2023, demonstrating a growth of 22.1 % compared to the previous year. The operating profit percentage was at 27.3 % (EBIT: 12.4 mDKK), while net earnings were 9607.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.8 %, which can be considered excellent and Return on Equity (ROE) was 23 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 72.9 %, 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. TMF DENMARK A/S's liquidity measured by quick ratio was 3.6 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 | 37 095.72 | 45 303.14 | |||
Gross profit | 17 212.85 | 18 772.26 | 21 413.03 | 23 688.58 | 26 574.16 |
EBIT | 7 259.42 | 8 537.73 | 9 375.15 | 10 953.02 | 12 385.83 |
Net earnings | 5 466.10 | 6 482.74 | 7 302.81 | 8 530.13 | 9 607.50 |
Shareholders equity total | 14 645.61 | 21 128.35 | 28 431.16 | 36 961.29 | 46 568.79 |
Balance sheet total (assets) | 24 870.93 | 32 909.93 | 42 674.61 | 61 075.16 | 63 923.02 |
Net debt | -6 870.52 | -21 848.92 | -24 513.93 | -32 695.55 | -46 254.19 |
Profitability | |||||
EBIT-% | 29.5 % | 27.3 % | |||
ROA | 34.0 % | 29.9 % | 25.0 % | 21.2 % | 19.8 % |
ROE | 45.9 % | 36.2 % | 29.5 % | 26.1 % | 23.0 % |
ROI | 46.2 % | 42.3 % | 33.1 % | 25.5 % | 24.1 % |
Economic value added (EVA) | 5 710.04 | 6 330.20 | 7 400.02 | 8 669.13 | 10 175.70 |
Solvency | |||||
Equity ratio | 58.9 % | 64.2 % | 66.6 % | 60.5 % | 72.9 % |
Gearing | 26.5 % | 5.5 % | 22.5 % | 39.3 % | 10.2 % |
Relative net indebtedness % | -62.3 % | -74.3 % | |||
Liquidity | |||||
Quick ratio | 2.4 | 2.6 | 2.9 | 2.5 | 3.6 |
Current ratio | 2.4 | 2.6 | 2.9 | 2.5 | 3.6 |
Cash and cash equivalents | 10 757.19 | 23 005.37 | 30 909.66 | 47 205.04 | 51 014.22 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 83.2 | 41.6 | |||
Net working capital % | 97.3 % | 101.1 % | |||
Credit risk | |||||
Credit rating | AAA | AA | AA | AA | A |
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