TH. RASMUSSEN & SØN A/S — Credit Rating and Financial Key Figures

CVR number: 32068278
Holmensvej 26, 3600 Frederikssund
th@th-r.dk
tel: 45828083

Credit rating

Company information

Official name
TH. RASMUSSEN & SØN A/S
Personnel
25 persons
Established
2009
Company form
Limited company
Industry

About TH. RASMUSSEN & SØN A/S

TH. RASMUSSEN & SØN A/S (CVR number: 32068278) is a company from FREDERIKSSUND. The company recorded a gross profit of 19.4 mDKK in 2023. The operating profit was 628.7 kDKK, while net earnings were 734.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.7 %, which can be considered weak but Return on Equity (ROE) was 5.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 53.1 %, 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. TH. RASMUSSEN & SØN A/S's liquidity measured by quick ratio was 1.5 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit27 743.1625 249.8623 509.9425 507.8919 397.33
EBIT1 740.141 419.442 170.572 654.86628.75
Net earnings1 240.46827.461 716.102 042.66734.39
Shareholders equity total11 721.5712 549.0413 765.1414 807.8010 542.18
Balance sheet total (assets)35 392.0333 010.6030 106.9228 485.7219 840.73
Net debt242.55-1 374.98-1 100.28-4 522.62-2 270.38
Profitability
EBIT-%
ROA4.9 %4.2 %6.9 %9.1 %2.7 %
ROE10.3 %6.8 %13.0 %14.3 %5.8 %
ROI5.5 %4.6 %7.6 %10.4 %3.2 %
Economic value added (EVA)1 209.74959.941 641.191 751.07131.63
Solvency
Equity ratio33.1 %38.0 %45.7 %52.0 %53.1 %
Gearing54.6 %33.7 %28.7 %27.2 %21.8 %
Relative net indebtedness %
Liquidity
Quick ratio1.21.51.51.71.5
Current ratio1.21.51.51.71.5
Cash and cash equivalents6 161.245 606.075 045.618 543.444 568.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAAAAAAA

Variable visualization

ROA:2.71%
Rating: 34/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:53.1%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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