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 -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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 218.78 | 72.83 | 45.26 | ||
Gross profit | 115.34 | -94.19 | -80.50 | -56.53 | - 125.06 |
EBIT | 31.54 | - 180.89 | - 148.46 | - 187.36 | - 199.76 |
Net earnings | 725.72 | 537.69 | - 193.76 | 86.03 | 252.80 |
Shareholders equity total | 6 538.16 | 6 965.85 | 4 772.08 | 4 358.11 | 3 710.91 |
Balance sheet total (assets) | 7 010.54 | 7 791.26 | 5 669.98 | 4 782.33 | 4 188.55 |
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 % | ||
ROA | 13.5 % | 9.4 % | -1.8 % | 1.6 % | 7.2 % |
ROE | 11.7 % | 8.0 % | -3.3 % | 1.9 % | 6.3 % |
ROI | 13.7 % | 9.8 % | -1.8 % | 1.7 % | 7.3 % |
Economic value added (EVA) | 18.39 | - 142.33 | - 217.42 | - 242.02 | - 230.92 |
Solvency | |||||
Equity ratio | 93.3 % | 89.4 % | 84.2 % | 91.1 % | 88.6 % |
Gearing | 4.3 % | 7.6 % | 17.0 % | 9.5 % | 10.7 % |
Relative net indebtedness % | -2516.7 % | -6057.9 % | -4986.9 % | ||
Liquidity | |||||
Quick ratio | 13.7 | 6.3 | 3.5 | 6.8 | 4.9 |
Current ratio | 13.7 | 6.3 | 3.5 | 6.8 | 4.9 |
Cash and cash equivalents | 5 978.47 | 5 237.58 | 3 155.00 | 2 863.41 | 2 318.46 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 2.7 | ||||
Net working capital % | 1250.8 % | -198.9 % | -761.8 % | ||
Credit risk | |||||
Credit rating | A | A | BBB | A | BBB |
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