Turf Tank ApS — Credit Rating and Financial Key Figures

CVR number: 36722436
Lansen 15, 9230 Svenstrup J
info@turftank.com
tel: 71999401
www.turftank.com

Credit rating

Company information

Official name
Turf Tank ApS
Personnel
73 persons
Established
2015
Company form
Private limited company
Industry

About Turf Tank ApS

Turf Tank ApS (CVR number: 36722436K) is a company from AALBORG. The company recorded a gross profit of 82.4 mDKK in 2023. The operating profit was -19.7 mDKK, while net earnings were -49.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was -5.1 %, which can be considered poor and Return on Equity (ROE) was -15.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -7.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Turf Tank ApS's liquidity measured by quick ratio was 1.8 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2022
2023
Volume
Net sales
Gross profit28 410.2982 386.12
EBIT-47 907.36-19 747.38
Net earnings-43 539.92-49 701.19
Shareholders equity total-26 879.76-76 596.65
Balance sheet total (assets)260 080.22398 023.97
Net debt208 088.66344 745.10
Profitability
EBIT-%
ROA-16.7 %-5.1 %
ROE-16.7 %-15.1 %
ROI-14.4 %-5.2 %
Economic value added (EVA)-34 821.11-18 388.78
Solvency
Equity ratio3.4 %-7.2 %
Gearing-799.5 %-475.3 %
Relative net indebtedness %
Liquidity
Quick ratio2.61.8
Current ratio4.53.0
Cash and cash equivalents6 806.5419 284.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBB

Variable visualization

ROA:-5.07%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-7.16%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

Companies in the same industry

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.