TORNHØJ BILER A/S — Credit Rating and Financial Key Figures

TORNHØJ BILER A/S (CVR number: 32156401) is a company from LANGELAND. The company recorded a gross profit of 4422.8 kDKK in 2023. The operating profit was 1110 kDKK, while net earnings were 946.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.6 %, which can be considered excellent and Return on Equity (ROE) was 23.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. TORNHØJ BILER A/S's liquidity measured by quick ratio was 0.4 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.