NORDIC DEVELOPMENT GROUP A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORDIC DEVELOPMENT GROUP A/S
NORDIC DEVELOPMENT GROUP A/S (CVR number: 30823095) is a company from BRØNDBY. The company recorded a gross profit of -97.9 kDKK in 2024. The operating profit was -97.9 kDKK, while net earnings were -309.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5.8 %, which can be considered poor and Return on Equity (ROE) was -8.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDIC DEVELOPMENT GROUP A/S's liquidity measured by quick ratio was 217.5 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -60.00 | -55.35 | -84.89 | -82.68 | -97.92 |
EBIT | -60.00 | -55.35 | -84.89 | -82.68 | -97.92 |
Net earnings | - 274.78 | - 312.09 | -1 190.15 | - 531.84 | - 309.16 |
Shareholders equity total | 5 858.03 | 5 582.13 | 4 384.98 | 3 817.50 | 3 465.08 |
Balance sheet total (assets) | 5 985.44 | 6 008.63 | 5 078.75 | 4 552.81 | 3 480.08 |
Net debt | 112.90 | 401.73 | 678.77 | 720.31 | |
Profitability | |||||
EBIT-% | |||||
ROA | -2.0 % | -3.6 % | -20.3 % | -9.3 % | -5.8 % |
ROE | -4.6 % | -5.5 % | -23.9 % | -13.0 % | -8.5 % |
ROI | -2.0 % | -3.6 % | -20.4 % | -9.4 % | -5.9 % |
Economic value added (EVA) | - 336.92 | - 322.98 | - 331.91 | - 272.77 | - 256.69 |
Solvency | |||||
Equity ratio | 97.9 % | 92.9 % | 86.3 % | 83.8 % | 99.6 % |
Gearing | 2.0 % | 7.4 % | 15.5 % | 18.9 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 44.7 | 13.4 | 7.0 | 5.9 | 217.5 |
Current ratio | 44.7 | 13.4 | 7.0 | 5.9 | 217.5 |
Cash and cash equivalents | 2.84 | 10.18 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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