Thornico Food & Food Technology Group A/S — Credit Rating and Financial Key Figures

CVR number: 37750913
Havnegade 36, 5000 Odense C

Company information

Official name
Thornico Food & Food Technology Group A/S
Established
1941
Company form
Limited company
Industry

About Thornico Food & Food Technology Group A/S

Thornico Food & Food Technology Group A/S (CVR number: 37750913K) is a company from ODENSE. The company reported a net sales of 7571.4 mDKK in 2024, demonstrating a growth of 2.7 % compared to the previous year. The operating profit percentage was at 12.8 % (EBIT: 971 mDKK), while net earnings were 669.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 17.5 %, which can be considered excellent and Return on Equity (ROE) was 31.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 44.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Thornico Food & Food Technology Group A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales4 895.665 539.796 758.157 372.777 571.36
Gross profit1 878.051 799.272 081.362 448.562 769.72
EBIT633.30345.19477.71672.09970.96
Net earnings366.86287.48210.51366.29669.62
Shareholders equity total1 961.042 387.542 571.932 043.652 542.91
Balance sheet total (assets)4 521.885 288.695 866.315 538.346 107.72
Net debt- 353.971 268.591 213.391 334.151 254.33
Profitability
EBIT-%12.9 %6.2 %7.1 %9.1 %12.8 %
ROA14.9 %9.2 %9.9 %12.3 %17.5 %
ROE19.6 %14.7 %10.3 %18.4 %31.9 %
ROI14.9 %10.3 %12.6 %16.2 %23.5 %
Economic value added (EVA)543.99160.21120.79202.08529.50
Solvency
Equity ratio100.0 %45.1 %43.8 %38.3 %44.1 %
Gearing73.2 %72.8 %94.1 %73.9 %
Relative net indebtedness %-7.2 %41.9 %37.2 %38.0 %36.8 %
Liquidity
Quick ratio1.01.00.91.0
Current ratio1.51.51.31.3
Cash and cash equivalents353.97479.43658.96589.33625.20
Capital use efficiency
Trade debtors turnover (days)60.156.453.757.6
Net working capital %7.2 %16.1 %17.1 %9.2 %11.0 %
Credit risk
Credit ratingBBBAAAAAAAAAA

Variable visualization

ROA:17.5%
Rating: 70/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:44.1%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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