Thy Spildevand A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Thy Spildevand A/S
Thy Spildevand A/S (CVR number: 32362443) is a company from THISTED. The company reported a net sales of 84.6 mDKK in 2024, demonstrating a growth of 8.4 % compared to the previous year. The operating profit percentage was at 11.3 % (EBIT: 9.6 mDKK), while net earnings were 17.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1 %, which can be considered weak and Return on Equity (ROE) was 1.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 93.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Thy Spildevand A/S's liquidity measured by quick ratio was 2.8 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 | 70.62 | 74.98 | 74.47 | 78.07 | 84.61 |
Gross profit | 3.52 | 9.82 | 7.80 | 9.80 | 13.04 |
EBIT | 0.92 | 7.02 | 5.10 | 6.64 | 9.56 |
Net earnings | 0.74 | 6.31 | 1.96 | 7.35 | 17.23 |
Shareholders equity total | 1 097.55 | 1 094.06 | 1 096.02 | 1 103.37 | 1 120.60 |
Balance sheet total (assets) | 1 175.10 | 1 180.87 | 1 182.34 | 1 191.08 | 1 203.36 |
Net debt | 56.66 | 53.85 | 53.52 | 44.30 | 45.35 |
Profitability | |||||
EBIT-% | 1.3 % | 9.4 % | 6.9 % | 8.5 % | 11.3 % |
ROA | 0.2 % | 0.7 % | 0.5 % | 0.8 % | 1.0 % |
ROE | 0.1 % | 0.6 % | 0.2 % | 0.7 % | 1.5 % |
ROI | 0.2 % | 0.7 % | 0.5 % | 0.8 % | 1.0 % |
Economic value added (EVA) | -57.29 | -50.98 | -52.59 | -51.11 | -51.07 |
Solvency | |||||
Equity ratio | 93.4 % | 92.6 % | 92.7 % | 92.6 % | 93.1 % |
Gearing | 5.2 % | 4.9 % | 4.9 % | 4.4 % | 4.1 % |
Relative net indebtedness % | 109.1 % | 115.5 % | 115.9 % | 107.6 % | 97.5 % |
Liquidity | |||||
Quick ratio | 2.5 | 2.8 | 2.9 | 2.4 | 2.8 |
Current ratio | 2.5 | 2.8 | 2.9 | 2.4 | 2.8 |
Cash and cash equivalents | 0.50 | 0.24 | 3.73 | 0.29 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | 37.8 | 25.1 | 22.3 | 26.4 | 30.1 |
Net working capital % | 41.0 % | 40.2 % | 47.6 % | 38.4 % | 37.1 % |
Credit risk | |||||
Credit rating | AA | AAA | AAA | AAA | AAA |
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