Nordic ElTech ApS — Credit Rating and Financial Key Figures

Nordic ElTech ApS (CVR number: 40031073) is a company from RANDERS. The company recorded a gross profit of 3718.5 kDKK in 2023. The operating profit was 1191.8 kDKK, while net earnings were 925 kDKK. The profitability of the company measured by Return on Assets (ROA) was 40.1 %, which can be considered excellent and Return on Equity (ROE) was 120 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 26.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Nordic ElTech ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.