FineNordic Holding ApS — Credit Rating and Financial Key Figures

CVR number: 39093588
Elholm 25, 6400 Sønderborg
info@finenordic.com

Company information

Official name
FineNordic Holding ApS
Established
2017
Company form
Private limited company
Industry

About FineNordic Holding ApS

FineNordic Holding ApS (CVR number: 39093588) is a company from SØNDERBORG. The company recorded a gross profit of 925.8 kDKK in 2023. The operating profit was 493.7 kDKK, while net earnings were 6567.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.7 %, which can be considered excellent and Return on Equity (ROE) was 20.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 77.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FineNordic Holding ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit769.76757.00766.00744.00925.78
EBIT337.67325.00333.00312.00493.69
Net earnings3 152.971 128.006 059.008 744.006 567.46
Shareholders equity total8 234.689 086.00- 138.0031 024.0032 591.65
Balance sheet total (assets)20 622.0123 001.0023 640.0042 119.0042 000.69
Net debt10 912.2113 322.0023 656.0010 973.009 141.90
Profitability
EBIT-%
ROA16.4 %6.1 %27.1 %27.3 %16.7 %
ROE47.0 %13.0 %37.0 %32.0 %20.6 %
ROI17.1 %6.3 %27.5 %27.4 %16.8 %
Economic value added (EVA)- 251.24- 369.05- 384.61114.57330.40
Solvency
Equity ratio39.9 %39.5 %-0.6 %73.7 %77.6 %
Gearing134.9 %146.6 %-17142.0 %35.4 %28.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.80.30.80.7
Current ratio0.40.80.30.80.7
Cash and cash equivalents194.77
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:16.7%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:77.6%
Rating: 58/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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