THARSGAARD HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 31610664
Vesterbrogade 74, 1620 København V
rt@tharsgaardconsulting.dk
tel: 20307282

Credit rating

Company information

Official name
THARSGAARD HOLDING ApS
Established
2008
Company form
Private limited company
Industry

About THARSGAARD HOLDING ApS

THARSGAARD HOLDING ApS (CVR number: 31610664) is a company from KØBENHAVN. The company reported a net sales of 0.2 mDKK in 2023, demonstrating a decline of -69.8 % compared to the previous year. The operating profit percentage was at 96.8 % (EBIT: 0.2 mDKK), while net earnings were 281.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good and Return on Equity (ROE) was 13 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THARSGAARD HOLDING ApS's liquidity measured by quick ratio was 405.6 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.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 188.06259.69328.30776.85234.74
Gross profit1 179.36252.95322.31767.85227.35
EBIT1 179.36252.95322.31767.85227.35
Net earnings1 173.32391.29293.66788.46281.19
Shareholders equity total2 981.391 834.681 628.352 116.802 197.99
Balance sheet total (assets)2 988.761 839.681 633.352 122.302 202.99
Net debt-2 707.76-1 428.83-1 104.25-1 859.58-1 940.82
Profitability
EBIT-%99.3 %97.4 %98.2 %98.8 %96.8 %
ROA47.9 %18.0 %18.6 %42.7 %13.6 %
ROE48.4 %16.2 %17.0 %42.1 %13.0 %
ROI48.7 %18.1 %18.6 %42.8 %13.6 %
Economic value added (EVA)1 154.08226.20321.74747.14213.11
Solvency
Equity ratio99.8 %99.7 %99.7 %99.7 %99.8 %
Gearing0.1 %
Relative net indebtedness %-227.5 %-548.3 %-334.8 %-238.7 %-824.7 %
Liquidity
Quick ratio381.6332.9291.7354.5405.6
Current ratio381.6332.9291.7354.5405.6
Cash and cash equivalents2 710.131 428.831 104.251 859.581 940.82
Capital use efficiency
Trade debtors turnover (days)
Net working capital %236.2 %639.1 %397.4 %222.5 %769.6 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:13.6%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.8%
Rating: 97/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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