THORNICO HOLDING A/S — Credit Rating and Financial Key Figures

THORNICO HOLDING A/S (CVR number: 35258000K) is a company from ODENSE. The company reported a net sales of 9472.9 mDKK in 2023, demonstrating a decline of -21.9 % compared to the previous year. The operating profit percentage was at 7.2 % (EBIT: 680.1 mDKK), while net earnings were 643.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.2 %, which can be considered good but Return on Equity (ROE) was 18.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 43.2 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. THORNICO HOLDING A/S's liquidity measured by quick ratio was 1 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.