TCM Group Balance Sheet Health

Financial Health criteria checks 2/6

TCM Group has a total shareholder equity of DKK592.8M and total debt of DKK277.5M, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are DKK1.3B and DKK669.6M respectively. TCM Group's EBIT is DKK82.3M making its interest coverage ratio 4.7. It has cash and short-term investments of DKK34.3M.

Key information

46.81%

Debt to equity ratio

DKK 277.50m

Debt

Interest coverage ratio	4.7x
Cash	DKK 34.30m
Equity	DKK 592.80m
Total liabilities	DKK 669.60m
Total assets	DKK 1.26b

Recent financial health updates

Recent updates

TCM Group A/S Just Missed EPS By 19%: Here's What Analysts Think Will Happen Next

May 24

Is TCM Group (CPH:TCM) A Risky Investment?

May 03

We Think That There Are Issues Underlying TCM Group's (CPH:TCM) Earnings

Mar 06

Should You Think About Buying TCM Group A/S (CPH:TCM) Now?

Feb 27

Opening New Nettoline Stores In Denmark Will Expand Retail Network

Jan 26 Shift to B2C sales and new store openings in Denmark may boost revenue and improve net margins.

Some Investors May Be Willing To Look Past TCM Group's (CPH:TCM) Soft Earnings

Nov 23

TCM Group (CPH:TCM) Has A Somewhat Strained Balance Sheet

Sep 28

Should You Think About Buying TCM Group A/S (CPH:TCM) Now?

Jul 21

Here's Why TCM Group (CPH:TCM) Has A Meaningful Debt Burden

Jun 21

What Does TCM Group A/S's (CPH:TCM) Share Price Indicate?

Mar 03

Returns On Capital Are A Standout For TCM Group (CPH:TCM)

Jan 20

Financial Position Analysis

Short Term Liabilities: TCM's short term assets (DKK260.5M) do not cover its short term liabilities (DKK264.2M).

Long Term Liabilities: TCM's short term assets (DKK260.5M) do not cover its long term liabilities (DKK405.4M).

Debt to Equity History and Analysis

Debt Level: TCM's net debt to equity ratio (41%) is considered high.

Reducing Debt: TCM's debt to equity ratio has increased from 30.7% to 46.8% over the past 5 years.

Debt Coverage: TCM's debt is well covered by operating cash flow (34.3%).

Interest Coverage: TCM's interest payments on its debt are well covered by EBIT (4.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/25 05:38
End of Day Share Price	2025/05/23 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TCM Group A/S is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Lars Topholm	Carnegie Investment Bank AB
Poul Jessen	Danske Bank
Anders Preetzmann	Danske Bank

TCM Group Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Is TCM Group (CPH:TCM) A Risky Investment?

TCM Group (CPH:TCM) Has A Somewhat Strained Balance Sheet

Here's Why TCM Group (CPH:TCM) Has A Meaningful Debt Burden

Recent updates

TCM Group A/S Just Missed EPS By 19%: Here's What Analysts Think Will Happen Next

New minor risk - Financial position

Is TCM Group (CPH:TCM) A Risky Investment?

TCM Group A/S announces Annual dividend, payable on April 14, 2025

We Think That There Are Issues Underlying TCM Group's (CPH:TCM) Earnings

Price target increased by 10% to kr.91.00

New minor risk - Dividend sustainability

Full year 2024 earnings released: EPS: kr.5.52 (vs kr.2.20 in FY 2023)

Should You Think About Buying TCM Group A/S (CPH:TCM) Now?

TCM Group A/S, Annual General Meeting, Apr 09, 2026

TCM Group A/S Provides Earnings Guidance for the Year 2025

Opening New Nettoline Stores In Denmark Will Expand Retail Network

TCM Group A/S to Report Q1, 2025 Results on May 21, 2025

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

TCM Group A/S Revises Earnings Guidance for the Year 2024

New minor risk - Market cap size

Price target increased by 21% to kr.82.50

Consensus EPS estimates increase by 41%

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

TCM Group A/S Revises Earnings Guidance for the Year 2024

TCM Group A/S Reiterates Earnings Guidance for Full Year 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

TCM Group A/S Elects Björn Olsson Lissner to the Board of Directors

TCM Group A/S Announces That Sanna Suvanto-Harsaae Does Not Seek Re-Election as Chairman and Member of Board of Directors

Consensus EPS estimates increase by 42%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

New minor risk - Share price stability

Now 24% undervalued

Investor sentiment improves as stock rises 17%

TCM Group A/S, Annual General Meeting, Apr 09, 2025

Third quarter 2023 earnings released: kr.0.16 loss per share (vs kr.1.07 profit in 3Q 2022)

TCM Group A/S Reaffirms Earnings Guidance for the Year 2023

Consensus EPS estimates fall by 63%

Price target decreased by 25% to kr.60.00

TCM Group A/S Provides Earnings Guidance for the Year 2023

Consensus EPS estimates fall by 15%, revenue upgraded

TCM Group A/S Revises Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: kr.1.41 (vs kr.3.55 in 2Q 2022)

TCM Group A/S has completed a Follow-on Equity Offering in the amount of DKK 78.781526 million.

Price target decreased by 9.1% to kr.75.00

TCM Group A/S (CPSE:TCM) entered into an agreement to acquire Aubo Production A/S for DKK 225 million.

Tcm Group A/S Reiterates Full Year Revenue Guidance for the Financial Year 2023

First quarter 2023 earnings: EPS misses analyst expectations

Full year 2022 earnings: EPS misses analyst expectations

TCM Group A/S Announces CFO Changes

Price target decreased to kr.94.50

TCM Group A/S to Report Q4, 2023 Results on Feb 28, 2024

TCM Group A/S Announces Stepping Down of Mogens Elbrønd Pedersen as CFO

Chief Executive Officer Torben Paulin acquired unknown stake in TCM Group A/S (CPSE:TCM) for approximately DKK 0.1 million.

Some Investors May Be Willing To Look Past TCM Group's (CPH:TCM) Soft Earnings

Third quarter 2022 earnings released: EPS: kr.3.55 (vs kr.4.04 in 3Q 2021)

TCM Group A/S Provides Earnings Guidance for the Year 2022

Consensus EPS estimates fall by 29%

TCM Group A/S Revises Earnings Guidance for the Third Quarter and Full Year of 2022

TCM Group (CPH:TCM) Has A Somewhat Strained Balance Sheet

Second quarter 2022 earnings released: EPS: kr.3.55 (vs kr.3.28 in 2Q 2021)

TCM Group A/S Provides Revenue Guidance for Full Year 2022

Should You Think About Buying TCM Group A/S (CPH:TCM) Now?

Here's Why TCM Group (CPH:TCM) Has A Meaningful Debt Burden

Investor sentiment deteriorated over the past week

First quarter 2022 earnings: Revenues miss analyst expectations

TCM Group A/S Reiterates Revenue Guidance for Full Year 2022

Insufficient new directors

Price target decreased to kr.154

Investor sentiment deteriorated over the past week

TCM Group A/S Approves Dividend for the Year 2022

Upcoming dividend of kr.6.00 per share

Price target decreased to kr.154

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

What Does TCM Group A/S's (CPH:TCM) Share Price Indicate?

Consensus EPS estimates fall by 18%

TCM Group A/S Provides Earnings Guidance for the Full Year 2022