THORVALD REIN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About THORVALD REIN A/S
THORVALD REIN A/S (CVR number: 79355313) is a company from GENTOFTE. The company recorded a gross profit of -260 kDKK in 2023. The operating profit was -726 kDKK, while net earnings were -81.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.3 %, which can be considered poor and Return on Equity (ROE) was -1.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 93.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THORVALD REIN A/S's liquidity measured by quick ratio was 13.3 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 6 313.00 | 6 151.00 | 6 660.00 | 7 290.77 | - 260.05 |
EBIT | 1 188.00 | 873.00 | 1 185.00 | 3 455.90 | - 726.04 |
Net earnings | 641.00 | 1 070.00 | 985.00 | 2 860.96 | -81.18 |
Shareholders equity total | 2 709.00 | 3 778.00 | 4 764.00 | 6 624.67 | 6 543.49 |
Balance sheet total (assets) | 6 863.00 | 7 987.00 | 6 962.00 | 9 001.65 | 6 976.16 |
Net debt | -2 674.00 | -3 746.00 | -3 477.00 | -2 703.36 | -3 144.69 |
Profitability | |||||
EBIT-% | |||||
ROA | 14.0 % | 19.2 % | 19.0 % | 45.1 % | -1.3 % |
ROE | 12.2 % | 33.0 % | 23.1 % | 50.2 % | -1.2 % |
ROI | 19.2 % | 34.2 % | 28.8 % | 55.7 % | -1.4 % |
Economic value added (EVA) | 809.61 | 680.73 | 930.61 | 2 733.52 | - 710.21 |
Solvency | |||||
Equity ratio | 39.5 % | 47.3 % | 68.4 % | 73.6 % | 93.8 % |
Gearing | 13.2 % | 7.3 % | 16.0 % | 6.3 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.0 | 2.2 | 4.7 | 2.4 | 13.3 |
Current ratio | 2.0 | 2.2 | 4.7 | 2.4 | 13.3 |
Cash and cash equivalents | 3 031.00 | 4 022.00 | 3 477.00 | 3 762.87 | 3 559.77 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | AA | AA | AA | BBB |
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