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 439.7 mUSD in 2022, demonstrating a growth of 5.2 % compared to the previous year. The operating profit percentage was at 10.2 % (EBIT: 45 mUSD), while net earnings were 38.6 mUSD. The profitability of the company measured by Return on Assets (ROA) was 49.6 %, which can be considered excellent and Return on Equity (ROE) was 80.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 53.8 %, 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. Thorco Projects ApS's liquidity measured by quick ratio was 2.4 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.