Tau Audio Designs IVS — Credit Rating and Financial Key Figures

Tau Audio Designs IVS (CVR number: 37102431) is a company from GRIBSKOV. The company recorded a gross profit of 127.7 kDKK in 2019. The operating profit was -10 kDKK, while net earnings were -7.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -19.4 %, which can be considered poor and Return on Equity (ROE) was -62.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 24.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Tau Audio Designs IVS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.