NORDIC BOATS A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORDIC BOATS A/S
NORDIC BOATS A/S (CVR number: 80497318) is a company from KERTEMINDE. The company recorded a gross profit of -92.8 kDKK in 2024. The operating profit was -159.8 kDKK, while net earnings were -1008 kDKK. The profitability of the company measured by Return on Assets (ROA) was -3.9 %, which can be considered poor and Return on Equity (ROE) was -34.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.8 %, 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. NORDIC BOATS A/S's liquidity measured by quick ratio was 1.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 72.83 | 45.26 | |||
Gross profit | -94.19 | -80.50 | -56.53 | - 125.06 | -92.78 |
EBIT | - 180.89 | - 148.46 | - 187.36 | - 199.76 | - 159.82 |
Net earnings | 537.69 | - 193.76 | 86.03 | 252.80 | -1 008.05 |
Shareholders equity total | 6 965.85 | 4 772.08 | 4 358.11 | 3 710.91 | 2 102.87 |
Balance sheet total (assets) | 7 791.26 | 5 669.98 | 4 782.33 | 4 188.55 | 2 635.38 |
Net debt | -4 708.15 | -2 344.42 | -2 450.43 | -1 921.37 | - 330.03 |
Profitability | |||||
EBIT-% | -248.4 % | -328.0 % | |||
ROA | 9.4 % | -1.8 % | 1.6 % | 7.2 % | -3.9 % |
ROE | 8.0 % | -3.3 % | 1.9 % | 6.3 % | -34.7 % |
ROI | 9.8 % | -1.8 % | 1.7 % | 7.3 % | -3.9 % |
Economic value added (EVA) | - 483.69 | - 533.81 | - 467.89 | - 395.56 | - 366.25 |
Solvency | |||||
Equity ratio | 89.4 % | 84.2 % | 91.1 % | 88.6 % | 79.8 % |
Gearing | 7.6 % | 17.0 % | 9.5 % | 10.7 % | 24.9 % |
Relative net indebtedness % | -6057.9 % | -4986.9 % | |||
Liquidity | |||||
Quick ratio | 6.3 | 3.5 | 6.8 | 4.9 | 1.6 |
Current ratio | 6.3 | 3.5 | 6.8 | 4.9 | 1.6 |
Cash and cash equivalents | 5 237.58 | 3 155.00 | 2 863.41 | 2 318.46 | 853.16 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -198.9 % | -761.8 % | |||
Credit risk | |||||
Credit rating | A | BBB | BBB | BBB | BB |
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