THORVALD A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About THORVALD A/S
THORVALD A/S (CVR number: 35483586) is a company from FREDERIKSSUND. The company recorded a gross profit of 87.9 kDKK in 2023. The operating profit was -265.2 kDKK, while net earnings were 60.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1 %, which can be considered weak and Return on Equity (ROE) was 0.4 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 84.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THORVALD A/S's liquidity measured by quick ratio was 12.1 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 47.25 | 71.87 | -92.60 | - 311.83 | 87.93 |
EBIT | - 274.91 | - 247.81 | - 571.52 | - 651.73 | - 265.17 |
Net earnings | 774.05 | 1 334.22 | 721.55 | - 921.20 | 60.85 |
Shareholders equity total | 12 757.77 | 14 091.99 | 14 700.54 | 13 739.34 | 13 800.19 |
Balance sheet total (assets) | 15 065.28 | 16 294.72 | 18 333.40 | 17 835.75 | 16 274.25 |
Net debt | -5 408.39 | -6 838.63 | -4 994.00 | -3 188.10 | -4 360.19 |
Profitability | |||||
EBIT-% | |||||
ROA | 8.5 % | 12.2 % | 8.1 % | 1.4 % | 1.0 % |
ROE | 6.3 % | 9.9 % | 5.0 % | -6.5 % | 0.4 % |
ROI | 8.6 % | 12.4 % | 8.2 % | 1.5 % | 1.1 % |
Economic value added (EVA) | - 575.82 | - 555.47 | - 805.06 | - 934.90 | - 718.47 |
Solvency | |||||
Equity ratio | 84.7 % | 86.5 % | 80.2 % | 77.0 % | 84.8 % |
Gearing | 15.8 % | 13.9 % | 22.2 % | 23.0 % | 13.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 19.0 | 29.9 | 17.6 | 7.9 | 12.1 |
Current ratio | 19.0 | 29.9 | 17.6 | 7.9 | 12.3 |
Cash and cash equivalents | 7 423.37 | 8 799.15 | 8 250.52 | 6 347.18 | 6 152.09 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | AA | AA | AA | A | A |
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