T. THULSTRUP ApS — Credit Rating and Financial Key Figures

CVR number: 67144619
Hindbærvej 6, 9560 Hadsund
tel: 27641543

Credit rating

Company information

Official name
T. THULSTRUP ApS
Established
1981
Company form
Private limited company
Industry

About T. THULSTRUP ApS

T. THULSTRUP ApS (CVR number: 67144619) is a company from MARIAGERFJORD. The company recorded a gross profit of -1.5 kDKK in 2023. The operating profit was -1.5 kDKK, while net earnings were -7.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.8 %, which can be considered weak but Return on Equity (ROE) was -2.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 75.2 %, 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. T. THULSTRUP ApS's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-4.66-4.57-5.26-5.26-1.50
EBIT-4.66-4.57-5.26-5.26-1.50
Net earnings85.2313.2988.692.62-7.31
Shareholders equity total594.32557.60646.29284.63277.32
Balance sheet total (assets)1 098.75923.60990.88339.21368.80
Net debt137.06136.03156.5838.6573.74
Profitability
EBIT-%
ROA10.2 %1.8 %12.3 %0.0 %0.8 %
ROE14.8 %2.3 %14.7 %0.6 %-2.6 %
ROI11.0 %1.9 %12.4 %0.0 %0.8 %
Economic value added (EVA)6.3920.6118.4910.984.83
Solvency
Equity ratio54.1 %60.4 %65.2 %83.9 %75.2 %
Gearing72.4 %63.8 %52.7 %16.8 %33.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.80.70.90.20.4
Current ratio0.80.70.90.20.4
Cash and cash equivalents293.07219.76184.229.2617.74
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:0.80%
Rating: 24/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:75.2%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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