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 10072.1 mDKK in 2024, demonstrating a growth of 4.3 % compared to the previous year. The operating profit percentage was at 11 % (EBIT: 1105.4 mDKK), while net earnings were 754.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.2 %, which can be considered good but Return on Equity (ROE) was 19.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 50.1 %, 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 1.1 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.