Thygesen Group Holding A/S — Credit Rating and Financial Key Figures

CVR number: 40116249
Tulstrupvej 9, 7430 Ikast

Credit rating

Company information

Official name
Thygesen Group Holding A/S
Established
2018
Company form
Limited company
Industry

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales224.76302.96262.89271.83320.57
Gross profit224.76302.96262.8967.4383.44
EBIT23.5725.71-5.56-6.27-0.02
Net earnings55.8181.8337.4325.9239.10
Shareholders equity total289.44382.27420.32437.68449.73
Balance sheet total (assets)568.19642.57647.26653.87666.67
Net debt130.05105.84
Profitability
EBIT-%10.5 %8.5 %-2.1 %-2.3 %-0.0 %
ROA4.3 %4.2 %-0.9 %6.7 %7.7 %
ROE20.8 %24.4 %9.3 %6.9 %11.4 %
ROI4.3 %4.2 %-0.9 %6.9 %8.3 %
Economic value added (EVA)11.1811.16-24.77-28.63-30.31
Solvency
Equity ratio100.0 %100.0 %100.0 %66.2 %66.8 %
Gearing39.3 %36.6 %
Relative net indebtedness %64.0 %49.3 %
Liquidity
Quick ratio0.60.6
Current ratio1.01.1
Cash and cash equivalents42.1558.89
Capital use efficiency
Trade debtors turnover (days)62.840.9
Net working capital %1.4 %3.6 %
Credit risk
Credit ratingBBBBBBBBBAAAAA

Variable visualization

ROA:7.71%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.8%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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