THORSGAARD A/S — Credit Rating and Financial Key Figures

CVR number: 33769881
Mariagervej 70, 9500 Hobro
tel: 98555186

Company information

Official name
THORSGAARD A/S
Personnel
6 persons
Established
2011
Company form
Limited company
Industry

About THORSGAARD A/S

THORSGAARD A/S (CVR number: 33769881) is a company from MARIAGERFJORD. The company recorded a gross profit of 3644.2 kDKK in 2024. The operating profit was 8172.4 kDKK, while net earnings were 5644.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.4 %, which can be considered good and Return on Equity (ROE) was 10.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 58.6 %, 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. THORSGAARD A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit2 996.295 708.065 107.912 993.243 644.17
EBIT1 171.733 830.392 692.121 597.368 172.37
Net earnings1 264.683 658.407 415.181 493.875 644.32
Shareholders equity total40 563.0843 971.4951 136.6752 380.5457 774.86
Balance sheet total (assets)86 077.1288 653.0192 790.5191 066.5998 672.69
Net debt40 279.5237 988.8733 239.9336 557.2635 869.18
Profitability
EBIT-%
ROA2.2 %5.5 %10.7 %2.9 %9.4 %
ROE3.2 %8.7 %15.6 %2.9 %10.2 %
ROI2.2 %5.7 %11.2 %3.0 %9.6 %
Economic value added (EVA)-2 634.82- 883.93-2 127.21-3 304.521 812.38
Solvency
Equity ratio47.1 %49.6 %55.1 %57.5 %58.6 %
Gearing104.5 %90.4 %69.8 %69.8 %62.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.30.30.10.1
Current ratio0.30.91.21.00.6
Cash and cash equivalents2 101.241 747.172 428.56340.44
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:9.44%
Rating: 56/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:58.6%
Rating: 46/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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