Thorco Svendborg ApS — Credit Rating and Financial Key Figures

Thorco Svendborg ApS (CVR number: 37877441) is a company from ODENSE. The company recorded a gross profit of -1.9 kUSD in 2021. The operating profit was -1.9 kUSD, while net earnings were 16.8 kUSD. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor but Return on Equity (ROE) was 1497.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -100 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Thorco Svendborg ApS's liquidity measured by quick ratio was 0 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.