Thorco Projects ApS — Credit Rating and Financial Key Figures

Thorco Projects ApS (CVR number: 37745324K) is a company from KØBENHAVN. The company reported a net sales of 91.9 mUSD in 2023, demonstrating a decline of -79.1 % compared to the previous year. The operating profit percentage was at 79.5 % (EBIT: 73.1 mUSD), while net earnings were 55.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was 114.1 %, which can be considered excellent and Return on Equity (ROE) was 186.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 18.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Thorco Projects ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.