HANDELSSELSKABET THORØ NIELSEN A/S

CVR number: 17817302
Nordlandsvej 26, 7451 Sunds
thoroe_nielsen@post.tele.dk
tel: 97127088

Credit rating

Company information

Official name
HANDELSSELSKABET THORØ NIELSEN A/S
Personnel
2 persons
Established
1994
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About HANDELSSELSKABET THORØ NIELSEN A/S

HANDELSSELSKABET THORØ NIELSEN A/S (CVR number: 17817302) is a company from HERNING. The company recorded a gross profit of 1321.5 kDKK in 2023. The operating profit was -383.7 kDKK, while net earnings were -316.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.2 %, which can be considered poor and Return on Equity (ROE) was -15.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.5 %, 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. HANDELSSELSKABET THORØ NIELSEN A/S's liquidity measured by quick ratio was 1.5 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit1 215.001 705.002 375.002 554.001 321.55
EBIT42.0072.00506.00767.00- 383.65
Net earnings7.0021.00349.00532.00- 316.24
Shareholders equity total1 962.001 983.002 332.002 164.001 847.69
Balance sheet total (assets)2 499.0020 896.0015 465.003 448.005 676.62
Net debt- 280.00-13 213.00-5 599.00-2 193.00-4 079.41
Profitability
EBIT-%
ROA1.7 %0.6 %2.8 %8.1 %-8.2 %
ROE0.4 %1.1 %16.2 %23.7 %-15.8 %
ROI2.1 %3.3 %21.5 %29.7 %-14.7 %
Economic value added (EVA)31.93-26.03960.77767.41- 283.31
Solvency
Equity ratio78.5 %17.1 %73.4 %62.9 %32.5 %
Gearing8.2 %8.4 %7.9 %21.9 %34.5 %
Relative net indebtedness %
Liquidity
Quick ratio4.71.47.72.71.5
Current ratio4.71.11.22.71.5
Cash and cash equivalents441.0013 379.005 784.002 666.004 717.46
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:-8.25%
Rating: 12/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:32.5%
Rating: 28/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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