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Thornæs Destilleri A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Thornæs Destilleri A/S
Thornæs Destilleri A/S (CVR number: 39433885) is a company from GRIBSKOV. The company recorded a gross profit of 1631.4 kDKK in 2025. The operating profit was -222.4 kDKK, while net earnings were -280.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.8 %, which can be considered poor and Return on Equity (ROE) was -4.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 84.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Thornæs Destilleri A/S's liquidity measured by quick ratio was 4.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 281.55 | 957.17 | - 413.28 | 1 739.25 | 1 631.40 |
| EBIT | 669.51 | 99.11 | -2 284.85 | 120.28 | - 222.36 |
| Net earnings | 531.49 | 50.77 | -2 217.42 | 11.62 | - 280.86 |
| Shareholders equity total | 2 246.58 | 2 297.34 | 4 258.98 | 4 306.30 | 7 732.44 |
| Balance sheet total (assets) | 2 808.41 | 3 730.62 | 6 788.84 | 6 068.22 | 9 215.13 |
| Net debt | - 611.93 | -23.64 | - 691.86 | 785.36 | -1 967.63 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 28.0 % | 3.0 % | -43.4 % | 1.9 % | -2.8 % |
| ROE | 27.9 % | 2.2 % | -67.6 % | 0.3 % | -4.7 % |
| ROI | 31.6 % | 3.3 % | -49.5 % | 2.2 % | -2.9 % |
| Economic value added (EVA) | 455.42 | -43.95 | -2 322.71 | - 172.65 | - 503.77 |
| Solvency | |||||
| Equity ratio | 80.0 % | 61.6 % | 64.5 % | 71.3 % | 84.2 % |
| Gearing | 2.0 % | 41.9 % | 36.9 % | 30.0 % | 12.5 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.8 | 2.6 | 2.5 | 1.6 | 4.9 |
| Current ratio | 4.5 | 5.9 | 3.7 | 5.3 | 9.2 |
| Cash and cash equivalents | 656.38 | 985.31 | 2 262.33 | 508.65 | 2 937.66 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | A | BBB | BB | BBB | A |
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