NORDCAR FINANCE A/S — Credit Rating and Financial Key Figures

NORDCAR FINANCE A/S (CVR number: 27688160) is a company from SILKEBORG. The company recorded a gross profit of 83.9 mDKK in 2023. The operating profit was 81.6 mDKK, while net earnings were 48.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 14.1 %, which can be considered good but Return on Equity (ROE) was 30.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 30.1 %, 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. NORDCAR FINANCE A/S's liquidity measured by quick ratio was 0.1 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.