THOMAS BALLING HOLDING ApS — Credit Rating and Financial Key Figures

THOMAS BALLING HOLDING ApS (CVR number: 29852820) is a company from AALBORG. The company recorded a gross profit of -7.6 kDKK in 2023. The operating profit was -7.6 kDKK, while net earnings were 373.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.3 %, which can be considered good and Return on Equity (ROE) was 10.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 69.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. THOMAS BALLING HOLDING ApS's liquidity measured by quick ratio was 1.3 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.