TT software ApS — Credit Rating and Financial Key Figures

CVR number: 29788294
Syriensvej 24, 2300 København S
theisborg@gmail.com
tel: 29492804

Credit rating

Company information

Official name
TT software ApS
Personnel
1 person
Established
2006
Company form
Private limited company
Industry
  • Expand more icon621000

About TT software ApS

TT software ApS (CVR number: 29788294) is a company from KØBENHAVN. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a growth of 315.7 % compared to the previous year. The operating profit percentage was at 83.8 % (EBIT: 0.6 mDKK), while net earnings were 188.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 40.5 %, which can be considered excellent but Return on Equity (ROE) was 8.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 94.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TT software ApS's liquidity measured by quick ratio was 16.9 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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 123.88170.45160.28160.28666.25
Gross profit637.63-87.95-58.03-58.03652.07
EBIT415.81- 292.47- 138.88- 138.88558.48
Net earnings324.33- 292.47- 138.88- 138.88188.79
Shareholders equity total2 240.182 167.761 990.131 990.132 340.66
Balance sheet total (assets)2 461.732 314.762 137.132 137.132 487.66
Net debt-2 456.73-2 303.70-2 124.83-2 124.83-2 356.77
Profitability
EBIT-%37.0 %-171.6 %-86.6 %-86.6 %83.8 %
ROA19.7 %-12.2 %-6.2 %-6.5 %40.5 %
ROE17.1 %-13.3 %-6.7 %-7.0 %8.7 %
ROI22.0 %-13.3 %-6.7 %-7.0 %11.2 %
Economic value added (EVA)404.46- 175.35-29.45-38.44536.05
Solvency
Equity ratio91.0 %93.6 %93.1 %93.1 %94.1 %
Gearing
Relative net indebtedness %-198.9 %-1265.3 %-1234.0 %-1234.0 %-331.7 %
Liquidity
Quick ratio11.115.714.514.516.9
Current ratio11.115.714.514.516.9
Cash and cash equivalents2 456.732 303.702 124.832 124.832 356.77
Capital use efficiency
Trade debtors turnover (days)
Net working capital %88.1 %448.1 %380.2 %380.2 %201.8 %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:40.5%
Rating: 89/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:94.1%
Rating: 75/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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