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TH-MØBLER MIDDELFART ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TH-MØBLER MIDDELFART ApS
TH-MØBLER MIDDELFART ApS (CVR number: 36971215) is a company from MIDDELFART. The company recorded a gross profit of -79.9 kDKK in 2024. The operating profit was -128.6 kDKK, while net earnings were -59.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.6 %, which can be considered poor and Return on Equity (ROE) was -2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TH-MØBLER MIDDELFART ApS's liquidity measured by quick ratio was 9.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -81.90 | -88.28 | -79.85 | -93.71 | -79.95 |
| EBIT | - 130.59 | - 136.97 | - 128.54 | - 142.40 | - 128.64 |
| Net earnings | 398.17 | - 320.86 | 25.06 | 82.37 | -59.34 |
| Shareholders equity total | 3 754.40 | 3 233.54 | 3 148.60 | 3 070.97 | 2 861.63 |
| Balance sheet total (assets) | 3 906.99 | 3 263.57 | 3 173.25 | 3 095.12 | 2 884.68 |
| Net debt | - 126.79 | - 123.97 | - 109.96 | 0.42 | 0.42 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 14.5 % | -0.2 % | 3.4 % | 3.9 % | -0.6 % |
| ROE | 11.0 % | -9.2 % | 0.8 % | 2.6 % | -2.0 % |
| ROI | 14.8 % | -0.2 % | 3.4 % | 4.0 % | -0.6 % |
| Economic value added (EVA) | - 276.95 | - 297.42 | - 262.68 | - 263.82 | - 254.20 |
| Solvency | |||||
| Equity ratio | 96.1 % | 99.1 % | 99.2 % | 99.2 % | 99.2 % |
| Gearing | 0.0 % | 0.0 % | 0.0 % | 0.0 % | 0.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.2 | 4.3 | 6.4 | 6.3 | 9.3 |
| Current ratio | 1.2 | 4.3 | 6.4 | 6.3 | 9.3 |
| Cash and cash equivalents | 127.17 | 124.39 | 110.38 | ||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BB | BB | BBB | BBB |
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