Nordisk Buffet ApS — Credit Rating and Financial Key Figures

Nordisk Buffet ApS (CVR number: 37678279) is a company from HJØRRING. The company recorded a gross profit of 927.1 kDKK in 2021. The operating profit was 126.1 kDKK, while net earnings were 72.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10.9 %, which can be considered good and Return on Equity (ROE) was 13.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 3.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Nordisk Buffet ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.