NORDIC HEAT ApS — Credit Rating and Financial Key Figures

NORDIC HEAT ApS (CVR number: 34880816) is a company from FREDENSBORG. The company recorded a gross profit of 2130.3 kDKK in 2023. The operating profit was 1113.8 kDKK, while net earnings were 888 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.7 %, which can be considered good and Return on Equity (ROE) was 14.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 77.9 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. NORDIC HEAT ApS's liquidity measured by quick ratio was 2.5 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.