THORØ-NIELSEN A/S — Credit Rating and Financial Key Figures

CVR number: 12652933
Nordlandsvej 26, 7451 Sunds
thoroe_nielsen@post.tele.dk
tel: 97267755

Credit rating

Company information

Official name
THORØ-NIELSEN A/S
Personnel
2 persons
Established
1988
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About THORØ-NIELSEN A/S

THORØ-NIELSEN A/S (CVR number: 12652933) is a company from HERNING. The company recorded a gross profit of 97.4 kDKK in 2024. The operating profit was 6.3 kDKK, while net earnings were 14.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak and Return on Equity (ROE) was 2.1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 19.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. THORØ-NIELSEN A/S's liquidity measured by quick ratio was 1.2 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.

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 profit262.00385.00257.00310.0097.38
EBIT37.00134.0072.008.006.31
Net earnings20.0093.0036.0010.0014.80
Shareholders equity total543.00636.00673.00682.00696.73
Balance sheet total (assets)1 295.002 475.003 282.002 020.003 563.30
Net debt- 906.00-1 756.00-2 252.00- 920.00-3 298.76
Profitability
EBIT-%
ROA1.5 %7.1 %2.5 %0.5 %0.9 %
ROE3.8 %15.8 %5.5 %1.5 %2.1 %
ROI2.3 %12.8 %5.3 %0.9 %2.2 %
Economic value added (EVA)10.92140.30141.27125.7560.57
Solvency
Equity ratio41.9 %25.7 %20.5 %33.8 %19.6 %
Gearing63.5 %89.6 %119.0 %130.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.71.31.31.51.2
Current ratio1.71.31.31.51.2
Cash and cash equivalents1 251.002 326.003 053.001 811.003 298.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:0.90%
Rating: 25/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:19.6%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

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