KK TAG ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About KK TAG ApS
KK TAG ApS (CVR number: 29519773) is a company from KOLDING. The company recorded a gross profit of 339.4 kDKK in 2023. The operating profit was -87.6 kDKK, while net earnings were -69.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -15.9 %, which can be considered poor and Return on Equity (ROE) was -22.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 56 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. KK TAG ApS's liquidity measured by quick ratio was 2 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 | |||||
Gross profit | 946.91 | 546.07 | 617.00 | 841.35 | 339.45 |
EBIT | 251.81 | -14.69 | 49.35 | 250.47 | -87.56 |
Net earnings | 194.84 | -15.69 | 35.64 | 190.84 | -69.44 |
Shareholders equity total | 526.11 | 399.82 | 322.46 | 398.90 | 211.66 |
Balance sheet total (assets) | 865.46 | 688.68 | 769.37 | 721.92 | 377.62 |
Net debt | - 676.64 | - 479.08 | - 566.21 | - 450.25 | - 176.08 |
Profitability | |||||
EBIT-% | |||||
ROA | 27.9 % | -1.9 % | 6.8 % | 33.6 % | -15.9 % |
ROE | 40.4 % | -3.4 % | 9.9 % | 52.9 % | -22.7 % |
ROI | 50.4 % | -3.0 % | 11.7 % | 54.8 % | -22.8 % |
Economic value added (EVA) | 205.80 | -4.24 | 43.38 | 212.58 | -61.98 |
Solvency | |||||
Equity ratio | 60.8 % | 58.1 % | 41.9 % | 55.3 % | 56.0 % |
Gearing | 5.0 % | 4.6 % | 30.9 % | 21.6 % | 29.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.5 | 2.3 | 1.7 | 2.1 | 2.0 |
Current ratio | 2.5 | 2.4 | 1.7 | 2.1 | 2.1 |
Cash and cash equivalents | 702.73 | 497.61 | 666.00 | 536.27 | 238.26 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BB | BBB | BBB | BBB |
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