Nordic Kingfish Hatchery A/S — Credit Rating and Financial Key Figures

Nordic Kingfish Hatchery A/S (CVR number: 12822405) is a company from THISTED. The company recorded a gross profit of 8584.4 kDKK in 2023. The operating profit was 667.1 kDKK, while net earnings were 846.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.4 %, which can be considered weak but Return on Equity (ROE) was 17.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.8 %, 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. Nordic Kingfish Hatchery A/S's liquidity measured by quick ratio was 0.4 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.