Thornico Building K/S — Credit Rating and Financial Key Figures

CVR number: 39729288
Havnegade 36, 5000 Odense C

Company information

Official name
Thornico Building K/S
Established
2018
Company form
Limited partnership
Industry

About Thornico Building K/S

Thornico Building K/S (CVR number: 39729288) is a company from ODENSE. The company recorded a gross profit of 4047.8 kDKK in 2024. The operating profit was 3761.1 kDKK, while net earnings were 2526.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak and Return on Equity (ROE) was 3.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 79.4 %, 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. Thornico Building K/S's liquidity measured by quick ratio was 1.4 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 318.401 805.962 923.083 168.544 047.80
EBIT1 318.401 546.302 325.292 690.533 761.08
Net earnings827.491 126.821 540.201 687.522 526.12
Shareholders equity total72 217.0473 343.8774 884.0776 571.5979 097.70
Balance sheet total (assets)96 510.5197 708.7797 859.1299 298.56100 131.02
Net debt8 747.769 244.887 634.655 416.223 075.61
Profitability
EBIT-%
ROA1.4 %1.6 %2.4 %2.7 %3.8 %
ROE1.2 %1.5 %2.1 %2.2 %3.2 %
ROI1.4 %1.6 %2.4 %2.8 %3.8 %
Economic value added (EVA)-3 782.63-3 488.83-3 164.80-2 893.02-2 077.22
Solvency
Equity ratio75.2 %75.6 %77.0 %77.6 %79.4 %
Gearing14.5 %13.5 %11.3 %9.8 %7.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.10.70.91.11.4
Current ratio0.90.50.70.91.2
Cash and cash equivalents1 695.72655.34850.562 077.782 911.36
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:3.77%
Rating: 39/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.4%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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