THORNICO IT A/S — Credit Rating and Financial Key Figures

THORNICO IT A/S (CVR number: 12699794) is a company from AARHUS. The company recorded a gross profit of 13.3 mDKK in 2023. The operating profit was 240.7 kDKK, while net earnings were 43 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 28.9 %, 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. THORNICO IT A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.