FineNordic A/S — Credit Rating and Financial Key Figures

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

Company information

Official name
FineNordic A/S
Personnel
14 persons
Established
2015
Company form
Limited company
Industry

About FineNordic A/S

FineNordic A/S (CVR number: 36941375) is a company from SØNDERBORG. The company recorded a gross profit of 15.6 mDKK in 2024. The operating profit was 10.1 mDKK, while net earnings were 6998.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.6 %, which can be considered excellent and Return on Equity (ROE) was 26.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 54.4 %, 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit26 088.0027 307.0019 248.0016 351.0015 581.14
EBIT19 244.0019 370.0011 799.009 722.0010 113.43
Net earnings14 790.0014 823.008 688.006 527.006 998.67
Shareholders equity total23 730.0032 553.0026 241.0027 768.0024 766.58
Balance sheet total (assets)35 530.0056 969.0055 790.0052 669.0045 538.44
Net debt1 464.0012 013.0019 992.0010 066.004 768.85
Profitability
EBIT-%
ROA65.4 %42.1 %21.1 %18.1 %20.6 %
ROE87.9 %52.7 %29.6 %24.2 %26.6 %
ROI88.5 %55.7 %26.2 %23.2 %29.8 %
Economic value added (EVA)14 094.3213 814.446 961.025 259.665 974.34
Solvency
Equity ratio66.8 %57.1 %47.0 %52.7 %54.4 %
Gearing6.9 %37.0 %76.3 %37.2 %20.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.70.10.10.1
Current ratio3.02.31.92.12.2
Cash and cash equivalents163.0046.0023.00258.00339.45
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAAAA

Variable visualization

ROA:20.6%
Rating: 75/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:54.4%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Board member
Chairman of the board

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