Thy Recycling ApS

Thy Recycling ApS (CVR number: 42508314) is a company from THISTED. The company recorded a gross profit of 586.2 kDKK in 2023. The operating profit was 410.3 kDKK, while net earnings were 320 kDKK. The profitability of the company measured by Return on Assets (ROA) was 26.9 %, which can be considered excellent and Return on Equity (ROE) was 148.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.8 %, 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. Thy Recycling ApS's liquidity measured by quick ratio was 0.5 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.