Thy Forsyning A/S — Credit Rating and Financial Key Figures

CVR number: 33865562
Silstrupvej 12, Tilsted 7700 Thisted

Credit rating

Company information

Official name
Thy Forsyning A/S
Established
2011
Domicile
Tilsted
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales111.13116.30113.95115.15223.51
Gross profit12.2517.8611.659.9334.01
EBIT12.2517.8611.652.6121.07
Net earnings5.689.43-1.964.9420.99
Shareholders equity total1 724.091 718.941 716.981 721.931 743.60
Balance sheet total (assets)1 855.531 856.681 853.361 862.292 016.53
Net debt-12.7966.93
Profitability
EBIT-%11.0 %15.4 %10.2 %2.3 %9.4 %
ROA0.7 %1.0 %0.6 %0.4 %1.3 %
ROE0.3 %0.5 %-0.1 %0.3 %1.2 %
ROI0.7 %1.0 %0.6 %0.4 %1.4 %
Economic value added (EVA)-74.10-68.78-74.73-83.62-68.97
Solvency
Equity ratio100.0 %100.0 %100.0 %92.5 %86.5 %
Gearing4.1 %9.4 %
Relative net indebtedness %48.8 %64.2 %
Liquidity
Quick ratio2.81.7
Current ratio2.81.7
Cash and cash equivalents84.2296.16
Capital use efficiency
Trade debtors turnover (days)38.422.4
Net working capital %125.2 %104.6 %111.6 %6.6 %-13.4 %
Credit risk
Credit ratingBBBBBBBBBAAAAAA

Variable visualization

ROA:1.34%
Rating: 27/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:86.5%
Rating: 66/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Chief executive officer

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