Thor G. Christensen Holding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Thor G. Christensen Holding ApS
Thor G. Christensen Holding ApS (CVR number: 42528137) is a company from NORDDJURS. The company reported a net sales of 0.7 mDKK in 2024, demonstrating a decline of -55.1 % compared to the previous year. The operating profit percentage was at 97.1 % (EBIT: 0.6 mDKK), while net earnings were 604.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.4 %, which can be considered good but Return on Equity (ROE) was 20.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.3 %, 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. Thor G. Christensen Holding ApS's liquidity measured by quick ratio was 1.2 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.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Volume | ||||
| Net sales | 675.67 | 804.03 | 1 464.94 | 657.59 |
| Gross profit | 660.67 | 779.94 | 1 446.75 | 638.68 |
| EBIT | 660.67 | 779.94 | 1 446.75 | 638.68 |
| Net earnings | 591.18 | 724.84 | 1 434.77 | 604.44 |
| Shareholders equity total | 631.18 | 1 298.82 | 2 674.69 | 3 157.13 |
| Balance sheet total (assets) | 2 766.61 | 3 039.38 | 4 044.97 | 4 912.40 |
| Net debt | 277.15 | 373.06 | 370.23 | -44.09 |
| Profitability | ||||
| EBIT-% | 97.8 % | 97.0 % | 98.8 % | 97.1 % |
| ROA | 23.9 % | 26.9 % | 40.9 % | 14.4 % |
| ROE | 93.7 % | 75.1 % | 72.2 % | 20.7 % |
| ROI | 24.0 % | 27.0 % | 46.4 % | 20.1 % |
| Economic value added (EVA) | 660.67 | 727.33 | 1 387.31 | 493.50 |
| Solvency | ||||
| Equity ratio | 22.8 % | 42.7 % | 66.1 % | 64.3 % |
| Gearing | 65.9 % | 37.7 % | 20.1 % | 0.7 % |
| Relative net indebtedness % | 295.5 % | 202.0 % | 82.1 % | 256.9 % |
| Liquidity | ||||
| Quick ratio | 0.3 | 0.2 | 0.5 | 1.2 |
| Current ratio | 0.3 | 0.2 | 0.5 | 1.2 |
| Cash and cash equivalents | 138.61 | 116.14 | 167.53 | 65.84 |
| Capital use efficiency | ||||
| Trade debtors turnover (days) | ||||
| Net working capital % | -43.2 % | -48.3 % | -24.3 % | 11.7 % |
| Credit risk | ||||
| Credit rating | A | A | A | A |
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