THYGESEN TEXTILE GROUP A/S — Credit Rating and Financial Key Figures

THYGESEN TEXTILE GROUP A/S (CVR number: 31766850) is a company from IKAST-BRANDE. The company reported a net sales of 3 mDKK in 2023, demonstrating a growth of 246.5 % compared to the previous year. The operating profit percentage was poor at -632.4 % (EBIT: -18.7 mDKK), while net earnings were 15 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent and Return on Equity (ROE) was 4.6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 67.5 %, 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. THYGESEN TEXTILE GROUP A/S's liquidity measured by quick ratio was 0.3 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.