Thorngaard Holding ApS — Credit Rating and Financial Key Figures

CVR number: 27389902
Odinshøjvej 22, Ellekilde 3140 Ålsgårde
jacob@pivotal.dk
tel: 32500600

Credit rating

Company information

Official name
Thorngaard Holding ApS
Established
2003
Domicile
Ellekilde
Company form
Private limited company
Industry

About Thorngaard Holding ApS

Thorngaard Holding ApS (CVR number: 27389902) is a company from HELSINGØR. The company recorded a gross profit of 0 kDKK in 2024. The operating profit was 0 kDKK, while net earnings were -140.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.2 %, which can be considered poor and Return on Equity (ROE) was -5.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 85.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Thorngaard Holding ApS's liquidity measured by quick ratio was 5.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit
EBIT
Net earnings540.931 052.902 320.35482.43- 140.89
Shareholders equity total896.941 249.842 570.192 802.622 539.73
Balance sheet total (assets)1 426.941 249.842 577.173 589.962 967.38
Net debt438.56-16.38-1 447.12-1 149.67-1 134.33
Profitability
EBIT-%
ROA40.7 %78.7 %121.4 %15.7 %-4.2 %
ROE65.5 %98.1 %121.5 %18.0 %-5.3 %
ROI40.7 %78.7 %121.7 %15.9 %-4.2 %
Economic value added (EVA)16.7650.1218.3910.768.63
Solvency
Equity ratio62.9 %100.0 %99.7 %78.1 %85.6 %
Gearing59.1 %26.1 %16.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.4228.83.55.3
Current ratio0.4228.83.55.3
Cash and cash equivalents91.4416.381 447.121 881.651 560.82
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-4.19%
Rating: 16/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:85.6%
Rating: 65/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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