TrackNordic Holding ApS — Credit Rating and Financial Key Figures

TrackNordic Holding ApS (CVR number: 40068333) is a company from KALUNDBORG. The company reported a net sales of 0.9 mDKK in 2023, demonstrating a growth of 664.9 % compared to the previous year. The operating profit percentage was at 98.4 % (EBIT: 0.9 mDKK), while net earnings were 854.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 51 %, which can be considered excellent and Return on Equity (ROE) was 57.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 85.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. TrackNordic Holding ApS's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.