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NOVENCO MARINE & OFFSHORE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About 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 206.1 mDKK in 2025, demonstrating a growth of 11.6 % compared to the previous year. The operating profit percentage was at 7 % (EBIT: 14.5 mDKK), while net earnings were 15.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.9 %, which can be considered good but Return on Equity (ROE) was 18.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.1 %, 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. NOVENCO MARINE & OFFSHORE A/S's liquidity measured by quick ratio was 1.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2023 | 2024 | 2025 | |
|---|---|---|---|
| Volume | |||
| Net sales | 173.30 | 184.62 | 206.13 |
| Gross profit | 28.27 | 54.30 | 41.47 |
| EBIT | 10.10 | 30.02 | 14.47 |
| Net earnings | 20.61 | 31.88 | 15.06 |
| Shareholders equity total | 43.25 | 73.67 | 87.92 |
| Balance sheet total (assets) | 137.09 | 163.92 | 170.67 |
| Net debt | -12.78 | -10.90 | -1.56 |
| Profitability | |||
| EBIT-% | 5.8 % | 16.3 % | 7.0 % |
| ROA | 17.8 % | 26.3 % | 12.9 % |
| ROE | 47.6 % | 54.5 % | 18.6 % |
| ROI | 30.8 % | 44.1 % | 19.6 % |
| Economic value added (EVA) | 7.88 | 19.44 | 6.23 |
| Solvency | |||
| Equity ratio | 31.5 % | 44.9 % | 52.1 % |
| Gearing | 56.8 % | 17.5 % | 22.0 % |
| Relative net indebtedness % | 26.1 % | 28.5 % | 24.1 % |
| Liquidity | |||
| Quick ratio | 1.0 | 1.4 | 1.5 |
| Current ratio | 1.0 | 1.4 | 1.6 |
| Cash and cash equivalents | 37.34 | 23.76 | 20.93 |
| Capital use efficiency | |||
| Trade debtors turnover (days) | 46.8 | 68.9 | 64.1 |
| Net working capital % | 2.1 % | 16.4 % | 18.5 % |
| Credit risk | |||
| Credit rating | BBB | A | A |
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