THRANE & THRANE A/S — Credit Rating and Financial Key Figures

THRANE & THRANE A/S (CVR number: 65724618K) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 222.9 mUSD in 2023, demonstrating a growth of 10.4 % compared to the previous year. The operating profit percentage was at 4.9 % (EBIT: 10.9 mUSD), while net earnings were -301 kUSD. The profitability of the company measured by Return on Assets (ROA) was 5.2 %, which can be considered decent but Return on Equity (ROE) was -0.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. THRANE & THRANE A/S's liquidity measured by quick ratio was 0.9 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.