Thors Have A/S — Credit Rating and Financial Key Figures

CVR number: 28716796
Sankt Petri Passage 5, 1165 København K

Credit rating

Company information

Official name
Thors Have A/S
Established
2005
Company form
Limited company
Industry

About Thors Have A/S

Thors Have A/S (CVR number: 28716796) is a company from KØBENHAVN. The company recorded a gross profit of -886 kDKK in 2023. The operating profit was -90.9 mDKK, while net earnings were -70.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was -40.5 %, which can be considered poor and Return on Equity (ROE) was -92.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 14.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Thors Have A/S's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit11 111.95-1 386.28-10 977.07-1 183.73- 886.01
EBIT24 401.95-1 386.28-15 308.4175 340.85-90 910.15
Net earnings8 440.17-1 418.39-12 641.8658 764.98-70 868.17
Shareholders equity total48 264.1446 845.7534 203.89112 119.0541 250.88
Balance sheet total (assets)76 332.8098 644.1584 725.24172 362.66276 611.16
Net debt12 003.8135 516.7931 194.7123 926.15197 371.62
Profitability
EBIT-%
ROA35.1 %-1.6 %-16.7 %58.6 %-40.5 %
ROE19.2 %-3.0 %-31.2 %80.3 %-92.4 %
ROI35.5 %-1.6 %-17.5 %62.5 %-43.4 %
Economic value added (EVA)16 855.92-3 670.40-14 450.3657 051.88-76 472.07
Solvency
Equity ratio63.4 %47.5 %40.4 %65.0 %14.9 %
Gearing24.9 %76.0 %91.5 %22.6 %499.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.10.50.10.0
Current ratio0.10.10.50.10.0
Cash and cash equivalents19.9565.8294.771 429.488 694.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAABBBBBBBBB

Variable visualization

ROA:-40.5%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:14.9%
Rating: 14/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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