Thora Projects ApS — Credit Rating and Financial Key Figures

Thora Projects ApS (CVR number: 33971397) is a company from HALSNÆS. The company recorded a gross profit of 166.8 kDKK in 2022. The operating profit was 6.8 kDKK, while net earnings were -58 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak but Return on Equity (ROE) was -57.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29.8 %, 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. Thora Projects ApS's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.