NORIDANE FOOD A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORIDANE FOOD A/S
NORIDANE FOOD A/S (CVR number: 20721537) is a company from KØBENHAVN. The company reported a net sales of 1997.6 mDKK in 2024, demonstrating a growth of 8.2 % compared to the previous year. The operating profit percentage was at 0.9 % (EBIT: 18.2 mDKK), while net earnings were 10.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.5 %, which can be considered decent but Return on Equity (ROE) was 8.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 42.4 %, 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. NORIDANE FOOD A/S's liquidity measured by quick ratio was 1.6 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 290.49 | 1 427.45 | 1 718.28 | 1 846.08 | 1 997.61 |
Gross profit | 57.84 | 64.89 | 87.10 | 99.89 | 90.17 |
EBIT | 20.79 | 19.90 | 29.16 | 37.94 | 18.19 |
Net earnings | 16.00 | 12.59 | 19.81 | 27.10 | 10.33 |
Shareholders equity total | 71.54 | 74.14 | 93.95 | 121.04 | 131.37 |
Balance sheet total (assets) | 312.46 | 358.07 | 272.81 | 271.03 | 310.69 |
Net debt | -54.76 | 10.11 | -64.30 | -28.98 | 50.72 |
Profitability | |||||
EBIT-% | 1.6 % | 1.4 % | 1.7 % | 2.1 % | 0.9 % |
ROA | 7.1 % | 6.1 % | 10.3 % | 15.6 % | 7.5 % |
ROE | 25.2 % | 17.3 % | 23.6 % | 25.2 % | 8.2 % |
ROI | 12.3 % | 9.9 % | 20.2 % | 36.1 % | 14.3 % |
Economic value added (EVA) | 19.94 | 20.23 | 25.30 | 28.98 | 9.74 |
Solvency | |||||
Equity ratio | 22.9 % | 21.8 % | 35.5 % | 45.0 % | 42.4 % |
Gearing | 148.9 % | 178.3 % | 15.4 % | 0.8 % | 39.7 % |
Relative net indebtedness % | 5.9 % | 11.1 % | 5.7 % | 6.4 % | 8.8 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.3 | 1.5 | 1.7 | 1.6 |
Current ratio | 1.3 | 1.3 | 1.5 | 1.8 | 1.7 |
Cash and cash equivalents | 161.31 | 122.09 | 78.78 | 29.98 | 1.39 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 38.0 | 51.6 | 35.3 | 39.4 | 48.6 |
Net working capital % | 5.5 % | 5.0 % | 5.3 % | 6.4 % | 6.4 % |
Credit risk | |||||
Credit rating | A | A | A | BBB | A |
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