Credit rating
Company information
About Thornvig Jensen A/S
Thornvig Jensen A/S (CVR number: 41247622) is a company from HERNING. The company recorded a gross profit of 13.1 mDKK in 2023. The operating profit was 745 kDKK, while net earnings were 537.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.1 %, which can be considered decent but Return on Equity (ROE) was 8.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 61.6 %, 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. Thornvig Jensen A/S's liquidity measured by quick ratio was 2.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | 10 195.75 | 14 666.61 | 12 937.95 | 13 092.47 |
EBIT | 1 569.73 | 2 903.34 | 941.07 | 745.01 |
Net earnings | 1 184.87 | 2 236.34 | 670.28 | 537.87 |
Shareholders equity total | 6 184.87 | 7 421.21 | 6 091.48 | 6 629.36 |
Balance sheet total (assets) | 13 452.24 | 12 511.70 | 10 178.73 | 10 757.79 |
Net debt | 2 113.21 | 923.99 | -1 358.00 | -2 491.34 |
Profitability | ||||
EBIT-% | ||||
ROA | 11.7 % | 22.4 % | 8.3 % | 7.1 % |
ROE | 19.2 % | 32.9 % | 9.9 % | 8.5 % |
ROI | 18.7 % | 34.3 % | 12.8 % | 11.4 % |
Economic value added (EVA) | 1 214.39 | 1 958.30 | 286.46 | 334.42 |
Solvency | ||||
Equity ratio | 46.0 % | 59.3 % | 59.8 % | 61.6 % |
Gearing | 34.2 % | 12.5 % | 2.7 % | |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 0.3 | 0.5 | 1.5 | 2.1 |
Current ratio | 0.3 | 0.5 | 1.5 | 2.1 |
Cash and cash equivalents | 1 358.00 | 2 670.09 | ||
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | A | A | A | A |
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