THINELEPHANTS A/S — Credit Rating and Financial Key Figures

THINELEPHANTS A/S (CVR number: 32338852) is a company from FREDERIKSHAVN. The company recorded a gross profit of 2348.6 kDKK in 2023. The operating profit was 346.1 kDKK, while net earnings were 249.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.5 %, which can be considered good but Return on Equity (ROE) was 29.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28.9 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. THINELEPHANTS A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.