Nordic Design by Thinnesen ApS — Credit Rating and Financial Key Figures

Nordic Design by Thinnesen ApS (CVR number: 38347403) is a company from NORDDJURS. The company recorded a gross profit of 378.8 kDKK in 2020. The operating profit was 283.2 kDKK, while net earnings were 220.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 60.8 %, which can be considered excellent and Return on Equity (ROE) was 130.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 39.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Nordic Design by Thinnesen ApS's liquidity measured by quick ratio was 1.4 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.