Nordic Solar X ApS — Credit Rating and Financial Key Figures

Nordic Solar X ApS (CVR number: 43010506) is a company from GENTOFTE. The company recorded a gross profit of -30 kEUR in 2023. The operating profit was -30 kEUR, while net earnings were -1252.8 kEUR. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak but Return on Equity (ROE) was -2.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -2.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Nordic Solar X ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.