Credit rating
Company information
About Nordstern Herning ApS
Nordstern Herning ApS (CVR number: 31179742) is a company from HORSENS. The company reported a net sales of 868.8 mDKK in 2022, demonstrating a decline of -11.8 % compared to the previous year. The operating profit percentage was at 4.2 % (EBIT: 36.7 mDKK), while net earnings were 32.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.9 %, which can be considered good but Return on Equity (ROE) was 19.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.8 %, 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. Nordstern Herning ApS's liquidity measured by quick ratio was 1.8 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 financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 989.77 | 818.39 | 997.90 | 985.31 | 868.80 |
Gross profit | 84.84 | 48.88 | 50.47 | 92.60 | 80.17 |
EBIT | 77.95 | 41.48 | 46.29 | 49.54 | 36.73 |
Net earnings | 69.70 | 35.73 | 37.30 | 42.72 | 32.60 |
Shareholders equity total | 282.87 | 270.09 | 249.20 | 149.33 | 181.96 |
Balance sheet total (assets) | 607.38 | 612.39 | 699.09 | 412.90 | 537.93 |
Net debt | - 128.61 | - 210.92 | -46.44 | 2.52 | -3.60 |
Profitability | |||||
EBIT-% | 7.9 % | 5.1 % | 4.6 % | 5.0 % | 4.2 % |
ROA | 10.9 % | 8.5 % | 8.3 % | 10.0 % | 8.9 % |
ROE | 27.0 % | 12.9 % | 14.4 % | 21.4 % | 19.7 % |
ROI | 13.5 % | 14.6 % | 17.5 % | 21.4 % | 18.4 % |
Economic value added (EVA) | 49.83 | 27.88 | 33.17 | 28.51 | 21.16 |
Solvency | |||||
Equity ratio | 53.1 % | 49.9 % | 43.8 % | 36.2 % | 33.8 % |
Gearing | 21.8 % | 1.9 % | |||
Relative net indebtedness % | 9.2 % | 9.7 % | 35.0 % | 20.3 % | 33.4 % |
Liquidity | |||||
Quick ratio | 2.9 | 2.7 | 2.6 | 2.0 | 1.8 |
Current ratio | 2.1 | 2.1 | 1.8 | 2.0 | 1.8 |
Cash and cash equivalents | 190.21 | 210.92 | 46.44 | 0.28 | 3.60 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 22.5 | 32.7 | 20.2 | 20.5 | 39.1 |
Net working capital % | 32.3 % | 39.0 % | 30.1 % | 21.2 % | 28.0 % |
Credit risk | |||||
Credit rating | AAA | A | BBB | A | BBB |
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