TikTok Denmark ApS — Credit Rating and Financial Key Figures

TikTok Denmark ApS (CVR number: 43525417) is a company from KØBENHAVN. The company recorded a gross profit of 4113.5 kDKK in 2023. The operating profit was 256.9 kDKK, while net earnings were 249.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent but Return on Equity (ROE) was 4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 95.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TikTok Denmark ApS's liquidity measured by quick ratio was 20.5 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.