THRIGE HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About THRIGE HOLDING A/S
THRIGE HOLDING A/S (CVR number: 26311683K) is a company from AARHUS. The company reported a net sales of 2882.9 mDKK in 2024, demonstrating a growth of 9.5 % compared to the previous year. The operating profit percentage was at 10.6 % (EBIT: 304.5 mDKK), while net earnings were 222.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.3 %, which can be considered good but Return on Equity (ROE) was 19.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 40.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. THRIGE HOLDING A/S's liquidity measured by quick ratio was 2.2 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 070.02 | 2 194.68 | 2 258.46 | 2 632.92 | 2 882.94 |
Gross profit | 432.29 | 469.03 | 513.54 | 602.72 | 740.30 |
EBIT | 169.77 | 186.49 | 191.65 | 232.59 | 304.52 |
Net earnings | 113.87 | 128.17 | 143.71 | 158.38 | 222.93 |
Shareholders equity total | 714.76 | 829.79 | 987.40 | 1 137.03 | 1 326.79 |
Balance sheet total (assets) | 2 560.21 | 2 521.63 | 2 668.70 | 3 008.53 | 4 256.07 |
Net debt | 498.93 | 344.85 | 457.41 | 135.17 | - 850.80 |
Profitability | |||||
EBIT-% | 8.2 % | 8.5 % | 8.5 % | 8.8 % | 10.6 % |
ROA | 7.1 % | 7.6 % | 7.9 % | 9.0 % | 9.3 % |
ROE | 16.5 % | 16.6 % | 15.8 % | 14.9 % | 19.6 % |
ROI | 11.5 % | 11.9 % | 12.7 % | 15.2 % | 18.6 % |
Economic value added (EVA) | 71.02 | 75.85 | 81.07 | 94.09 | 144.32 |
Solvency | |||||
Equity ratio | 36.6 % | 42.1 % | 46.7 % | 47.6 % | 40.6 % |
Gearing | 88.5 % | 63.5 % | 46.3 % | 35.6 % | 28.9 % |
Relative net indebtedness % | 74.1 % | 60.2 % | 66.6 % | 53.4 % | 52.2 % |
Liquidity | |||||
Quick ratio | 0.8 | 0.9 | 1.0 | 0.9 | 2.2 |
Current ratio | 1.2 | 1.2 | 1.3 | 1.3 | 1.8 |
Cash and cash equivalents | 133.75 | 182.32 | 0.25 | 269.84 | 1 234.36 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 65.0 | 65.7 | 65.3 | 69.3 | 63.2 |
Net working capital % | 11.3 % | 11.3 % | 14.3 % | 14.1 % | 39.5 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AA | AA |
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