NOVENCO MARINE & OFFSHORE A/S

NOVENCO MARINE & OFFSHORE A/S (CVR number: 33785682) is a company from KØGE. The company reported a net sales of 196.2 mDKK in 2022, demonstrating a decline of -3.6 % compared to the previous year. The operating profit percentage was at 6 % (EBIT: 11.8 mDKK), while net earnings were 11.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 11.8 %, which can be considered good but Return on Equity (ROE) was 45.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. NOVENCO MARINE & OFFSHORE A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.