Thygesen Group Holding A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Thygesen Group Holding A/S
Thygesen Group Holding A/S (CVR number: 40116249K) is a company from IKAST-BRANDE. The company reported a net sales of 320.6 mDKK in 2024, demonstrating a growth of 17.9 % compared to the previous year. The operating profit percentage was poor at -0 % (EBIT: -0 mDKK), while net earnings were 39.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.7 %, which can be considered decent but Return on Equity (ROE) was 11.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 66.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Thygesen Group Holding A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 224.76 | 302.96 | 262.89 | 271.83 | 320.57 |
Gross profit | 224.76 | 302.96 | 262.89 | 67.43 | 83.44 |
EBIT | 23.57 | 25.71 | -5.56 | -6.27 | -0.02 |
Net earnings | 55.81 | 81.83 | 37.43 | 25.92 | 39.10 |
Shareholders equity total | 289.44 | 382.27 | 420.32 | 437.68 | 449.73 |
Balance sheet total (assets) | 568.19 | 642.57 | 647.26 | 653.87 | 666.67 |
Net debt | 130.05 | 105.84 | |||
Profitability | |||||
EBIT-% | 10.5 % | 8.5 % | -2.1 % | -2.3 % | -0.0 % |
ROA | 4.3 % | 4.2 % | -0.9 % | 6.7 % | 7.7 % |
ROE | 20.8 % | 24.4 % | 9.3 % | 6.9 % | 11.4 % |
ROI | 4.3 % | 4.2 % | -0.9 % | 6.9 % | 8.3 % |
Economic value added (EVA) | 11.18 | 11.16 | -24.77 | -28.63 | -30.31 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 66.2 % | 66.8 % |
Gearing | 39.3 % | 36.6 % | |||
Relative net indebtedness % | 64.0 % | 49.3 % | |||
Liquidity | |||||
Quick ratio | 0.6 | 0.6 | |||
Current ratio | 1.0 | 1.1 | |||
Cash and cash equivalents | 42.15 | 58.89 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 62.8 | 40.9 | |||
Net working capital % | 1.4 % | 3.6 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | AA | AAA |
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