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MICHAEL THYE HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About MICHAEL THYE HOLDING ApS
MICHAEL THYE HOLDING ApS (CVR number: 35040528) is a company from AARHUS. The company recorded a gross profit of -8.9 kDKK in 2024. The operating profit was -8.9 kDKK, while net earnings were 1460.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.9 %, which can be considered good and Return on Equity (ROE) was 11.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 58.9 %, 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. MICHAEL THYE HOLDING ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -3.82 | -6.93 | -9.36 | - 121.88 | -8.86 |
| EBIT | -3.82 | -6.93 | -9.36 | - 121.88 | -8.86 |
| Net earnings | 985.41 | 102.31 | 18.39 | 791.90 | 1 460.36 |
| Shareholders equity total | 12 098.83 | 12 253.25 | 12 252.13 | 12 926.23 | 12 919.78 |
| Balance sheet total (assets) | 17 313.96 | 19 684.93 | 16 387.89 | 13 772.25 | 21 918.99 |
| Net debt | 4 588.30 | 4 932.90 | - 196.26 | 708.29 | 3 028.79 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 9.2 % | 2.1 % | 1.4 % | 6.1 % | 9.9 % |
| ROE | 8.5 % | 0.8 % | 0.2 % | 6.3 % | 11.3 % |
| ROI | 9.6 % | 2.2 % | 1.8 % | 7.1 % | 12.0 % |
| Economic value added (EVA) | - 559.55 | - 844.85 | - 873.96 | - 699.56 | - 693.77 |
| Solvency | |||||
| Equity ratio | 69.9 % | 62.2 % | 74.8 % | 93.9 % | 58.9 % |
| Gearing | 38.0 % | 40.7 % | 5.8 % | 23.5 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.7 | 1.0 | 1.5 | 8.9 | 0.5 |
| Current ratio | 1.7 | 1.0 | 1.5 | 8.9 | 0.5 |
| Cash and cash equivalents | 14.82 | 58.85 | 196.26 | 36.48 | 6.51 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | BBB | BBB | BBB |
Variable visualization
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