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THG 19-23 Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About THG 19-23 Holding ApS
THG 19-23 Holding ApS (CVR number: 40303529) is a company from KØGE. The company reported a net sales of 3.8 mDKK in 2024, demonstrating a growth of 6903.3 % compared to the previous year. The operating profit percentage was at 99.8 % (EBIT: 3.8 mDKK), while net earnings were 3776.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.2 %, which can be considered good and Return on Equity (ROE) was 13.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 98.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THG 19-23 Holding ApS's liquidity measured by quick ratio was 1.8 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | -20.24 | 25 004.34 | 2 586.53 | 53.89 | 3 774.09 |
| Gross profit | - 136.27 | 24 995.09 | 2 577.71 | 45.05 | 3 764.84 |
| EBIT | - 136.27 | 24 995.09 | 2 577.71 | 45.05 | 3 764.84 |
| Net earnings | - 189.58 | 24 835.06 | 2 472.36 | 5.63 | 3 776.40 |
| Shareholders equity total | - 145.25 | 24 689.81 | 27 162.17 | 27 167.80 | 28 944.19 |
| Balance sheet total (assets) | 3 961.66 | 29 001.82 | 31 770.88 | 29 189.54 | 29 265.41 |
| Net debt | 3 948.93 | 4 164.56 | 3 981.35 | 1 632.46 | 13.16 |
| Profitability | |||||
| EBIT-% | 100.0 % | 99.7 % | 83.6 % | 99.8 % | |
| ROA | -6.6 % | 151.0 % | 8.7 % | 0.5 % | 13.2 % |
| ROE | -9.5 % | 173.4 % | 9.5 % | 0.0 % | 13.5 % |
| ROI | -6.6 % | 151.0 % | 8.8 % | 0.5 % | 13.3 % |
| Economic value added (EVA) | - 110.43 | 24 843.00 | 1 154.66 | -1 560.16 | 2 315.15 |
| Solvency | |||||
| Equity ratio | 99.9 % | 100.0 % | 99.7 % | 98.8 % | 98.9 % |
| Gearing | -2824.1 % | 17.4 % | 16.6 % | 6.1 % | 0.1 % |
| Relative net indebtedness % | -19539.1 % | 16.7 % | 157.3 % | 3691.9 % | 8.2 % |
| Liquidity | |||||
| Quick ratio | 40.4 | 47.6 | 39.6 | 6.4 | 1.8 |
| Current ratio | 40.4 | 47.6 | 39.6 | 6.4 | 1.8 |
| Cash and cash equivalents | 152.98 | 142.44 | 541.01 | 32.17 | 12.88 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -974.2 % | 0.9 % | 128.9 % | 3577.9 % | 7.0 % |
| Credit risk | |||||
| Credit rating | BBB | A | A | AA | A |
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