THORKILDS VINHANDEL ApS — Credit Rating and Financial Key Figures

THORKILDS VINHANDEL ApS (CVR number: 31499747) is a company from VEJEN. The company recorded a gross profit of 4361.1 kDKK in 2023. The operating profit was 772.8 kDKK, while net earnings were 405.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.2 %, which can be considered good but Return on Equity (ROE) was 20.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.5 %, 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. THORKILDS VINHANDEL ApS's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.