NORDIC BOATS A/S — Credit Rating and Financial Key Figures

CVR number: 80497318
Marinavejen 4 C, 5300 Kerteminde
ea@amanda.life
tel: 40563232

Credit rating

Company information

Official name
NORDIC BOATS A/S
Personnel
1 person
Established
1980
Company form
Limited company
Industry

About NORDIC BOATS A/S

NORDIC BOATS A/S (CVR number: 80497318) is a company from KERTEMINDE. The company recorded a gross profit of -125.1 kDKK in 2023. The operating profit was -199.8 kDKK, while net earnings were 252.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.2 %, which can be considered decent and Return on Equity (ROE) was 6.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 88.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDIC BOATS A/S's liquidity measured by quick ratio was 4.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales218.7872.8345.26
Gross profit115.34-94.19-80.50-56.53- 125.06
EBIT31.54- 180.89- 148.46- 187.36- 199.76
Net earnings725.72537.69- 193.7686.03252.80
Shareholders equity total6 538.166 965.854 772.084 358.113 710.91
Balance sheet total (assets)7 010.547 791.265 669.984 782.334 188.55
Net debt-5 694.14-4 708.15-2 344.42-2 450.43-1 921.37
Profitability
EBIT-%14.4 %-248.4 %-328.0 %
ROA13.5 %9.4 %-1.8 %1.6 %7.2 %
ROE11.7 %8.0 %-3.3 %1.9 %6.3 %
ROI13.7 %9.8 %-1.8 %1.7 %7.3 %
Economic value added (EVA)18.39- 142.33- 217.42- 242.02- 230.92
Solvency
Equity ratio93.3 %89.4 %84.2 %91.1 %88.6 %
Gearing4.3 %7.6 %17.0 %9.5 %10.7 %
Relative net indebtedness %-2516.7 %-6057.9 %-4986.9 %
Liquidity
Quick ratio13.76.33.56.84.9
Current ratio13.76.33.56.84.9
Cash and cash equivalents5 978.475 237.583 155.002 863.412 318.46
Capital use efficiency
Trade debtors turnover (days)2.7
Net working capital %1250.8 %-198.9 %-761.8 %
Credit risk
Credit ratingAABBBABBB

Variable visualization

ROA:7.23%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:88.6%
Rating: 69/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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