Credit rating
Company information
About BJØRN THORSEN A/S
BJØRN THORSEN A/S (CVR number: 89810418) is a company from GENTOFTE. The company reported a net sales of 487.3 mDKK in 2023, demonstrating a decline of -7.6 % compared to the previous year. The operating profit percentage was at 2.4 % (EBIT: 11.5 mDKK), while net earnings were 11 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.8 %, which can be considered decent and Return on Equity (ROE) was 7.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 56.3 %, 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. BJØRN THORSEN A/S's liquidity measured by quick ratio was 1.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 376.28 | 408.16 | 563.69 | 527.52 | 487.33 |
Gross profit | 28.89 | 34.79 | 56.62 | 48.24 | 42.32 |
EBIT | 9.97 | 13.03 | 21.50 | 16.24 | 11.48 |
Net earnings | 11.72 | 13.47 | 20.54 | 14.11 | 10.96 |
Shareholders equity total | 98.10 | 110.57 | 130.12 | 144.26 | 155.19 |
Balance sheet total (assets) | 226.43 | 234.92 | 345.93 | 285.48 | 275.55 |
Net debt | 63.93 | 43.44 | 77.73 | 66.97 | 61.12 |
Profitability | |||||
EBIT-% | 2.6 % | 3.2 % | 3.8 % | 3.1 % | 2.4 % |
ROA | 7.1 % | 7.6 % | 9.7 % | 6.4 % | 5.8 % |
ROE | 12.6 % | 12.9 % | 17.1 % | 10.3 % | 7.3 % |
ROI | 9.5 % | 10.4 % | 13.2 % | 8.6 % | 7.6 % |
Economic value added (EVA) | 5.35 | 7.97 | 14.76 | 12.33 | 4.78 |
Solvency | |||||
Equity ratio | 43.3 % | 47.1 % | 37.6 % | 50.5 % | 56.3 % |
Gearing | 74.0 % | 50.1 % | 101.8 % | 46.4 % | 39.4 % |
Relative net indebtedness % | 31.7 % | 27.5 % | 28.6 % | 26.8 % | 24.7 % |
Liquidity | |||||
Quick ratio | 0.8 | 1.0 | 0.9 | 0.8 | 1.1 |
Current ratio | 1.6 | 1.7 | 1.4 | 1.7 | 1.8 |
Cash and cash equivalents | 8.66 | 11.95 | 54.68 | 0.01 | 0.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 77.4 | 80.4 | 75.9 | 66.8 | 63.3 |
Net working capital % | 17.8 % | 18.8 % | 15.2 % | 18.0 % | 21.0 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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