Credit rating
Company information
About THORSØ A/S
THORSØ A/S (CVR number: 14313494) is a company from FAVRSKOV. The company recorded a gross profit of 4260.2 kDKK in 2023. The operating profit was -805 kDKK, while net earnings were -1574.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -19.2 %, which can be considered poor and Return on Equity (ROE) was -89.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.1 %, 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. THORSØ A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 4 617.07 | 4 112.35 | 7 055.25 | 5 401.05 | 4 260.16 |
EBIT | -3 293.33 | -2 533.80 | 1 531.81 | 478.31 | - 805.02 |
Net earnings | -3 387.72 | -2 403.41 | 2 349.74 | 339.70 | -1 574.27 |
Shareholders equity total | 2 264.30 | - 139.10 | 2 210.63 | 2 550.33 | 976.05 |
Balance sheet total (assets) | 6 252.49 | 6 202.80 | 5 904.02 | 4 613.82 | 3 737.88 |
Net debt | 768.03 | 3 490.10 | 843.41 | 534.23 | 1 070.15 |
Profitability | |||||
EBIT-% | |||||
ROA | -41.0 % | -39.8 % | 26.5 % | 9.1 % | -19.2 % |
ROE | -114.5 % | -56.8 % | 55.9 % | 14.3 % | -89.3 % |
ROI | -63.1 % | -64.1 % | 46.2 % | 14.2 % | -29.0 % |
Economic value added (EVA) | -3 475.85 | -2 450.53 | 1 034.49 | 261.52 | - 699.65 |
Solvency | |||||
Equity ratio | 36.9 % | -2.2 % | 37.6 % | 55.3 % | 26.1 % |
Gearing | 36.0 % | -2515.6 % | 38.5 % | 21.0 % | 109.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.4 | 0.3 | 0.9 | 1.0 | 0.6 |
Current ratio | 1.0 | 0.6 | 1.4 | 1.9 | 1.1 |
Cash and cash equivalents | 47.59 | 9.20 | 7.97 | 1.31 | 1.37 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | B | BBB | BBB | BB |
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