NORDIC HOUSING ApS — Credit Rating and Financial Key Figures

CVR number: 12424213
Qimerlua 18, 3900 Nuuk

Credit rating

Company information

Official name
NORDIC HOUSING ApS
Established
2007
Company form
Private limited company
Industry

About NORDIC HOUSING ApS

NORDIC HOUSING ApS (CVR number: 12424213) is a company from SERMERSOOQ. The company recorded a gross profit of 158.5 kDKK in 2024. The operating profit was 158.5 kDKK, while net earnings were 111.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.3 %, which can be considered decent but Return on Equity (ROE) was 9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 43.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. NORDIC HOUSING ApS's liquidity measured by quick ratio was 0.1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit157.25158.19212.18153.48158.52
EBIT157.25158.19212.18153.48158.52
Net earnings102.89105.04146.80106.03111.64
Shareholders equity total829.53934.581 081.381 187.411 299.05
Balance sheet total (assets)3 079.883 216.423 044.663 011.553 009.76
Net debt1 699.451 408.541 247.241 118.01965.00
Profitability
EBIT-%
ROA5.2 %5.0 %6.8 %5.1 %5.3 %
ROE13.2 %11.9 %14.6 %9.3 %9.0 %
ROI5.3 %5.4 %7.4 %5.5 %5.7 %
Economic value added (EVA)8.6017.1066.1814.8519.48
Solvency
Equity ratio27.4 %29.9 %36.0 %40.0 %43.9 %
Gearing220.4 %179.1 %124.0 %99.2 %78.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.40.20.10.1
Current ratio0.20.30.10.10.1
Cash and cash equivalents128.82265.3593.6060.4958.70
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:5.27%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:43.9%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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