Norlex A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Norlex A/S
Norlex A/S (CVR number: 37308064K) is a company from RUDERSDAL. The company reported a net sales of 207.1 mDKK in 2023, demonstrating a growth of 7.4 % compared to the previous year. The operating profit percentage was at 4.8 % (EBIT: 10 mDKK), while net earnings were 4151.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.7 %, which can be considered decent but Return on Equity (ROE) was 12.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 26.2 %, 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. Norlex A/S'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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | 116.26 | 192.79 | 207.15 | |
Gross profit | 0.04 | 39.17 | 51.34 | |
EBIT | -1.33 | 7.02 | 9.97 | |
Net earnings | 3.26 | 3.10 | 4.15 | |
Shareholders equity total | 29.22 | 32.31 | 36.48 | |
Balance sheet total (assets) | 113.90 | 136.56 | 140.59 | |
Net debt | 47.85 | 43.44 | ||
Profitability | ||||
EBIT-% | -1.1 % | 3.6 % | 4.8 % | |
ROA | -1.2 % | 5.7 % | 7.7 % | |
ROE | 11.2 % | 10.1 % | 12.1 % | |
ROI | -1.2 % | 6.9 % | 11.5 % | |
Economic value added (EVA) | -1.19 | -1.33 | 3.65 | 4.95 |
Solvency | ||||
Equity ratio | 100.0 % | 24.2 % | 26.2 % | |
Gearing | 154.6 % | 125.6 % | ||
Relative net indebtedness % | 48.3 % | 44.0 % | ||
Liquidity | ||||
Quick ratio | 0.5 | 0.7 | ||
Current ratio | 0.7 | 0.9 | ||
Cash and cash equivalents | 2.10 | 2.36 | ||
Capital use efficiency | ||||
Trade debtors turnover (days) | 56.6 | 57.7 | ||
Net working capital % | -10.7 % | -2.7 % | ||
Credit risk | ||||
Credit rating | BBB | AA | AA |
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