THORNICO A/S — Credit Rating and Financial Key Figures

THORNICO A/S (CVR number: 15960205) is a company from ODENSE. The company reported a net sales of 6 mDKK in 2023, demonstrating a growth of 81.6 % compared to the previous year. The operating profit percentage was poor at -249.5 % (EBIT: -15.1 mDKK), while net earnings were 589.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 14.9 %, which can be considered good but Return on Equity (ROE) was 16.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 90.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. THORNICO A/S's liquidity measured by quick ratio was 1.1 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.