Telšių šilumos tinklai
UAB Telšių šilumos tinklai was registered on April 15, 1997. Main activities of the company – supply of heat and rental of assets required for the production and supply of thermal energy.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 309 | 291 | 284 | 298 |
| Cost of goods sold | 215 | 194 | 189 | 194 |
| Gross profit (loss) | 93 | 98 | 94 | 104 |
| Gross profit margin | 30% | 34% | 33% | 35% |
| Operating expenses | 90 | 89 | 113 | 165 |
| Operating profit (loss) | 3 | 8 | -19 | -61 |
| Operating profit margin | 1% | 3% | -7% | -20% |
| EBITDA | 215 | 183 | 167 | 136 |
| EBITDA margin | 70% | 63% | 59% | 46% |
| Net profit (loss) | 3 | 10 | -7 | -59 |
| Net profit margin | 1% | 4% | -2% | -20% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 2,094 | 2,092 | 2,161 | 1,972 |
| Intangible assets | 0 | |||
| Tangible assets | 2,078 | 2,076 | 2,145 | 1,957 |
| Financial assets | 15 | 15 | 15 | 15 |
| Other non-current assets | ||||
| Current assets | 103 | 117 | 117 | 65 |
| Inventories and prepaid expenses | 2 | 1 | 2 | 2 |
| Accounts receivable in one year | 13 | 10 | 12 | 13 |
| Other current assets | ||||
| Cash and cash equivalents | 89 | 106 | 103 | 50 |
| Total assets | 2,197 | 2,209 | 2,278 | 2,037 |
| Equity | 1,924 | 1,935 | 1,928 | 1,869 |
| Grants and subsidies | ||||
| Liabilities | 272 | 274 | 350 | 169 |
| Financial liabilities | 245 | 248 | 322 | 139 |
| Long-term liabilities | 55 | 70 | 130 | 58 |
| Short-term liabilities | 217 | 204 | 220 | 111 |
| Equity and liabilities | 2,197 | 2,209 | 2,278 | 2,037 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | -0% | -3% |
| Return on equity (ROE) | 0% | 1% | -0% | -3% |
| Return on capital employed (ROCE) | 0% | 0% | -1% | -3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.11 | 0.11 | 0.14 | 0.07 |
| Current Ratio | 0.47 | 0.57 | 0.53 | 0.59 |
| Quick ratio | 0.47 | 0.57 | 0.52 | 0.57 |
| Turnover ratios | ||||
| Asset turnover | 0.14 | 0.13 | 0.12 | 0.15 |
| Fixed asset turnover | 0.15 | 0.14 | 0.13 | 0.15 |
| Equity turnover | 0.16 | 0.15 | 0.15 | 0.16 |
| Profitability ratios | ||||
| EBITDA margin | 70% | 63% | 59% | 46% |
| Operating profit margin | 1% | 3% | -7% | -20% |
| Net profit margin | 1% | 4% | -2% | -20% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameUAB „Telšių šilumos tinklai“
- Legal formPrivate limited liability company (UAB)
- Company code180373788
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionTelšiai district municipality
- Share belonging to the Municipal99.8%
ROE
-3.1%
Number of employees
3
Financial data provided as at end-December 2023
Management
- Jurgis StaševičiusChief Executive Officer
Information as of: 2024/06/14
