Nordens Formuesikring A/S — Credit Rating and Financial Key Figures

CVR number: 39039540
Strandboulevarden 89, 2100 København Ø

Credit rating

Company information

Official name
Nordens Formuesikring A/S
Personnel
4 persons
Established
2017
Company form
Limited company
Industry
  • Expand more icon66Activities auxiliary to financial services and insurance activities

About Nordens Formuesikring A/S

Nordens Formuesikring A/S (CVR number: 39039540) is a company from KØBENHAVN. The company recorded a gross profit of 1488.4 kDKK in 2023. The operating profit was 219.8 kDKK, while net earnings were 178.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.6 %, which can be considered good and Return on Equity (ROE) was 11.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 80.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Nordens Formuesikring A/S's liquidity measured by quick ratio was 4.9 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit1 323.502 477.791 400.403 204.181 488.38
EBIT91.28326.10- 277.051 214.56219.80
Net earnings36.42217.94- 330.081 006.88178.33
Shareholders equity total575.32793.25463.171 470.051 648.38
Balance sheet total (assets)1 831.442 629.561 872.691 874.352 056.02
Net debt- 543.72-1 336.65- 516.79-1 722.94-1 754.84
Profitability
EBIT-%
ROA4.9 %14.6 %-12.3 %64.8 %11.6 %
ROE6.5 %31.8 %-52.5 %104.2 %11.4 %
ROI5.7 %18.4 %-15.5 %76.0 %13.4 %
Economic value added (EVA)125.80306.60- 193.771 084.28186.90
Solvency
Equity ratio31.4 %30.2 %24.7 %78.4 %80.2 %
Gearing186.2 %140.4 %261.2 %3.7 %14.3 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.31.24.44.9
Current ratio1.31.31.24.44.9
Cash and cash equivalents1 614.932 450.761 726.731 777.551 991.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:11.6%
Rating: 61/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:80.2%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

Companies in the same industry

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