CitNOW Nordic A/S — Credit Rating and Financial Key Figures

CitNOW Nordic A/S (CVR number: 39640570) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of 4704.1 kDKK in 2024. The operating profit was 640.9 kDKK, while net earnings were 498.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.4 %, which can be considered decent but Return on Equity (ROE) was 15.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -62.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. CitNOW Nordic A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.