TORNTOFT OG MORTENSEN A/S — Credit Rating and Financial Key Figures

TORNTOFT OG MORTENSEN A/S (CVR number: 28518218) is a company from HORSENS. The company recorded a gross profit of 56.2 mDKK in 2021. The operating profit was -9148.7 kDKK, while net earnings were -7054.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.4 %, which can be considered poor and Return on Equity (ROE) was -38.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 20.6 %, 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. TORNTOFT OG MORTENSEN A/S's liquidity measured by quick ratio was 1.4 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.