FineNordic A/S

CVR number: 36941375
Elholm 25, 6400 Sønderborg
info@finenordic.com
www.finenordic.com

Credit rating

Company information

Official name
FineNordic A/S
Personnel
13 persons
Established
2015
Company form
Limited company
Industry
  • Expand more icon47Retail trade, except of motor vehicles and motorcycles

About FineNordic A/S

FineNordic A/S (CVR number: 36941375) is a company from SØNDERBORG. The company recorded a gross profit of 16.4 mDKK in 2023. The operating profit was 9722.9 kDKK, while net earnings were 6526.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.1 %, which can be considered excellent and Return on Equity (ROE) was 24.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.7 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FineNordic 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit12 072.0326 088.0027 307.0019 248.0016 352.05
EBIT5 377.1519 244.0019 370.0011 799.009 722.91
Net earnings4 014.1814 790.0014 823.008 688.006 526.67
Shareholders equity total9 940.4423 730.0032 553.0026 241.0027 767.90
Balance sheet total (assets)23 322.0235 530.0056 969.0055 790.0052 668.54
Net debt6 867.801 464.0012 013.0019 992.0010 066.23
Profitability
EBIT-%
ROA26.7 %65.4 %42.1 %21.1 %18.1 %
ROE42.6 %87.9 %52.7 %29.6 %24.2 %
ROI35.0 %88.5 %55.7 %26.2 %23.2 %
Economic value added (EVA)3 806.7214 571.5713 904.397 569.306 266.41
Solvency
Equity ratio42.6 %66.8 %57.1 %47.0 %52.7 %
Gearing82.3 %6.9 %37.0 %76.3 %37.2 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.50.70.10.1
Current ratio1.73.02.31.92.1
Cash and cash equivalents1 310.90163.0046.0023.00257.52
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingABBBAAA

Variable visualization

ROA:18.1%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:52.7%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chairman of the board

Companies in the same industry

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