Thordin ApS — Credit Rating and Financial Key Figures

CVR number: 39577445
Niels Jernes Vej 10, 9220 Aalborg Øst

Credit rating

Company information

Official name
Thordin ApS
Established
2018
Company form
Private limited company
Industry

About Thordin ApS

Thordin ApS (CVR number: 39577445K) is a company from AALBORG. The company recorded a gross profit of 9030 kUSD in 2023. The operating profit was 6575.7 kUSD, while net earnings were 5311.7 kUSD. The profitability of the company measured by Return on Assets (ROA) was 71.3 %, which can be considered excellent and Return on Equity (ROE) was 66.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79.6 %, 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. Thordin ApS's liquidity measured by quick ratio was 4.9 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

Gross profit (kUSD)

EBIT (kUSD)

Profitability

Solidity

Key figures (kUSD)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 333.754 840.08
Gross profit1 333.754 840.0810 293.838 542.809 029.96
EBIT873.714 370.599 718.016 036.726 575.70
Net earnings646.453 442.677 550.054 875.765 311.73
Shareholders equity total2 192.893 518.775 866.837 587.198 492.93
Balance sheet total (assets)2 397.134 685.397 832.229 097.4210 663.75
Net debt-1 575.95-2 507.57-3 900.08-5 825.74-3 279.84
Profitability
EBIT-%65.5 %90.3 %
ROA37.2 %125.1 %155.4 %74.1 %71.3 %
ROE29.9 %120.5 %160.9 %72.5 %66.1 %
ROI40.0 %155.1 %207.2 %93.2 %87.7 %
Economic value added (EVA)679.093 376.277 558.684 612.205 260.90
Solvency
Equity ratio91.5 %75.1 %74.9 %83.4 %79.6 %
Gearing
Relative net indebtedness %-102.8 %-27.7 %
Liquidity
Quick ratio11.74.04.06.04.9
Current ratio11.74.04.06.04.9
Cash and cash equivalents1 575.952 507.573 900.085 825.743 279.84
Capital use efficiency
Trade debtors turnover (days)22.121.3
Net working capital %164.4 %72.7 %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:71.3%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.6%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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