Thy Elektro A/S — Credit Rating and Financial Key Figures

Thy Elektro A/S (CVR number: 15516585) is a company from THISTED. The company recorded a gross profit of 4837.5 kDKK in 2023. The operating profit was 2835.5 kDKK, while net earnings were 2150.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 57.4 %, which can be considered excellent and Return on Equity (ROE) was 81.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67 %, 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. Thy Elektro A/S's liquidity measured by quick ratio was 1.8 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.