Thinggaard's ApS — Credit Rating and Financial Key Figures

Thinggaard's ApS (CVR number: 40804226) is a company from ODENSE. The company recorded a gross profit of 433.3 kDKK in 2023. The operating profit was 68.5 kDKK, while net earnings were 48.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 34.3 %, which can be considered excellent and Return on Equity (ROE) was 38.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.4 %, 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. Thinggaard's ApS's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.