THC 2018 Holding ApS — Credit Rating and Financial Key Figures

THC 2018 Holding ApS (CVR number: 40326308) is a company from HERNING. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a growth of 68.1 % compared to the previous year. The operating profit percentage was at 92.9 % (EBIT: 0.2 mDKK), while net earnings were 163.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8 %, which can be considered good but Return on Equity (ROE) was 26.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. THC 2018 Holding ApS's liquidity measured by quick ratio was 0.1 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.