NOVENCO MARINE & OFFSHORE A/S — Credit Rating and Financial Key Figures

NOVENCO MARINE & OFFSHORE A/S (CVR number: 33785682K) is a company from KØGE. The company reported a net sales of 490.3 mDKK in 2024, demonstrating a growth of 18.8 % compared to the previous year. The operating profit percentage was at 7.5 % (EBIT: 36.6 mDKK), while net earnings were 31.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 54.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 17.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. NOVENCO MARINE & OFFSHORE A/S's liquidity measured by quick ratio was 1.2 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.