NORIDANE FOOD A/S — Credit Rating and Financial Key Figures

CVR number: 20721537
Amaliegade 9 B, 1256 København K
tel: 32540504
www.noridane.com

Credit rating

Company information

Official name
NORIDANE FOOD A/S
Personnel
41 persons
Established
1998
Company form
Limited company
Industry
  • Expand more icon463210

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 financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales1 290.491 427.451 718.281 846.081 997.61
Gross profit57.8464.8987.1099.8990.17
EBIT20.7919.9029.1637.9418.19
Net earnings16.0012.5919.8127.1010.33
Shareholders equity total71.5474.1493.95121.04131.37
Balance sheet total (assets)312.46358.07272.81271.03310.69
Net debt-54.7610.11-64.30-28.9850.72
Profitability
EBIT-%1.6 %1.4 %1.7 %2.1 %0.9 %
ROA7.1 %6.1 %10.3 %15.6 %7.5 %
ROE25.2 %17.3 %23.6 %25.2 %8.2 %
ROI12.3 %9.9 %20.2 %36.1 %14.3 %
Economic value added (EVA)19.9420.2325.3028.989.74
Solvency
Equity ratio22.9 %21.8 %35.5 %45.0 %42.4 %
Gearing148.9 %178.3 %15.4 %0.8 %39.7 %
Relative net indebtedness %5.9 %11.1 %5.7 %6.4 %8.8 %
Liquidity
Quick ratio1.31.31.51.71.6
Current ratio1.31.31.51.81.7
Cash and cash equivalents161.31122.0978.7829.981.39
Capital use efficiency
Trade debtors turnover (days)38.051.635.339.448.6
Net working capital %5.5 %5.0 %5.3 %6.4 %6.4 %
Credit risk
Credit ratingAAABBBA

Variable visualization

ROA:7.50%
Rating: 50/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:42.4%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer
Board member
Board member

Companies in the same industry

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