THOMAS COOK AIRLINES SCANDINAVIA A/S — Credit Rating and Financial Key Figures

THOMAS COOK AIRLINES SCANDINAVIA A/S (CVR number: 13896909) is a company from TÅRNBY. The company reported a net sales of 4259.2 mDKK in 2018, demonstrating a growth of 4.9 % compared to the previous year. The operating profit percentage was at 5.9 % (EBIT: 252.3 mDKK), while net earnings were 177.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 50.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.3 %, 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. THOMAS COOK AIRLINES SCANDINAVIA A/S's liquidity measured by quick ratio was 2.3 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.