Thimsen Express IVS — Credit Rating and Financial Key Figures

Thimsen Express IVS (CVR number: 38135171) is a company from MIDDELFART. The company reported a net sales of 1.2 mDKK in 2017. The operating profit percentage was at 18.7 % (EBIT: 0.2 mDKK), while net earnings were 152.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 51.5 %, which can be considered excellent and Return on Equity (ROE) was 100 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.9 %, 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. Thimsen Express IVS's liquidity measured by quick ratio was 1.5 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.