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 -93.7 kDKK in 2023. The operating profit was -142.4 kDKK, while net earnings were 82.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak and Return on Equity (ROE) was 2.6 %, which can be considered weak. 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 6.3 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -81.98 | -81.90 | -88.28 | -79.85 | -93.71 |
EBIT | - 169.91 | - 130.59 | - 136.97 | - 128.54 | - 142.40 |
Net earnings | -61.70 | 398.17 | - 320.86 | 25.06 | 82.37 |
Shareholders equity total | 3 466.83 | 3 754.40 | 3 233.54 | 3 148.60 | 3 070.97 |
Balance sheet total (assets) | 3 516.30 | 3 906.99 | 3 263.57 | 3 173.25 | 3 095.12 |
Net debt | -63.30 | - 126.79 | - 123.97 | - 109.96 | - 105.27 |
Profitability | |||||
EBIT-% | |||||
ROA | -1.8 % | 14.5 % | -0.2 % | 3.4 % | 3.9 % |
ROE | -1.7 % | 11.0 % | -9.2 % | 0.8 % | 2.6 % |
ROI | -1.8 % | 14.8 % | -0.2 % | 3.4 % | 4.0 % |
Economic value added (EVA) | - 310.61 | - 272.87 | - 289.11 | - 256.41 | - 258.25 |
Solvency | |||||
Equity ratio | 98.6 % | 96.1 % | 99.1 % | 99.2 % | 99.2 % |
Gearing | 0.0 % | 0.0 % | 0.0 % | 0.0 % | 0.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.6 | 1.2 | 4.3 | 6.4 | 6.3 |
Current ratio | 2.6 | 1.2 | 4.3 | 6.4 | 6.3 |
Cash and cash equivalents | 63.67 | 127.17 | 124.39 | 110.38 | 105.69 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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