Thy Forsyning A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Thy Forsyning A/S
Thy Forsyning A/S (CVR number: 33865562K) is a company from THISTED. The company reported a net sales of 223.5 mDKK in 2024, demonstrating a growth of 94.1 % compared to the previous year. The operating profit percentage was at 9.4 % (EBIT: 21.1 mDKK), while net earnings were 21 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.3 %, which can be considered weak and Return on Equity (ROE) was 1.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 86.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Thy Forsyning A/S's liquidity measured by quick ratio was 1.7 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 111.13 | 116.30 | 113.95 | 115.15 | 223.51 |
Gross profit | 12.25 | 17.86 | 11.65 | 9.93 | 34.01 |
EBIT | 12.25 | 17.86 | 11.65 | 2.61 | 21.07 |
Net earnings | 5.68 | 9.43 | -1.96 | 4.94 | 20.99 |
Shareholders equity total | 1 724.09 | 1 718.94 | 1 716.98 | 1 721.93 | 1 743.60 |
Balance sheet total (assets) | 1 855.53 | 1 856.68 | 1 853.36 | 1 862.29 | 2 016.53 |
Net debt | -12.79 | 66.93 | |||
Profitability | |||||
EBIT-% | 11.0 % | 15.4 % | 10.2 % | 2.3 % | 9.4 % |
ROA | 0.7 % | 1.0 % | 0.6 % | 0.4 % | 1.3 % |
ROE | 0.3 % | 0.5 % | -0.1 % | 0.3 % | 1.2 % |
ROI | 0.7 % | 1.0 % | 0.6 % | 0.4 % | 1.4 % |
Economic value added (EVA) | -74.10 | -68.78 | -74.73 | -83.62 | -68.97 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 92.5 % | 86.5 % |
Gearing | 4.1 % | 9.4 % | |||
Relative net indebtedness % | 48.8 % | 64.2 % | |||
Liquidity | |||||
Quick ratio | 2.8 | 1.7 | |||
Current ratio | 2.8 | 1.7 | |||
Cash and cash equivalents | 84.22 | 96.16 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 38.4 | 22.4 | |||
Net working capital % | 125.2 % | 104.6 % | 111.6 % | 6.6 % | -13.4 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AAA | AAA |
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