Norna Partners ApS — Credit Rating and Financial Key Figures

CVR number: 40032045
Virkefeltet 1, 8740 Brædstrup

Company information

Official name
Norna Partners ApS
Established
2018
Company form
Private limited company
Industry

About Norna Partners ApS

Norna Partners ApS (CVR number: 40032045) is a company from HORSENS. The company reported a net sales of 3 mDKK in 2023, demonstrating a decline of -6.1 % compared to the previous year. The operating profit percentage was at 99.5 % (EBIT: 2.9 mDKK), while net earnings were 2849.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.9 %, which can be considered excellent and Return on Equity (ROE) was 24.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 78.2 %, 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. Norna Partners ApS's liquidity measured by quick ratio was 0.3 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales2 280.142 670.063 145.472 953.13
Gross profit-10.002 268.662 658.273 080.382 939.01
EBIT-10.002 268.662 658.273 080.382 939.01
Net earnings1 756.502 037.412 487.462 957.922 849.81
Shareholders equity total2 756.504 793.927 281.3810 239.3013 089.11
Balance sheet total (assets)17 256.5816 944.3316 677.7716 026.0216 728.83
Net debt13 765.5812 108.059 178.765 620.452 982.28
Profitability
EBIT-%99.5 %99.6 %97.9 %99.5 %
ROA11.6 %13.3 %15.8 %18.8 %17.9 %
ROE63.7 %54.0 %41.2 %33.8 %24.4 %
ROI12.1 %13.6 %15.9 %19.0 %18.4 %
Economic value added (EVA)-7.802 828.183 114.863 520.663 222.53
Solvency
Equity ratio66.7 %82.0 %98.9 %97.4 %78.2 %
Gearing499.4 %252.6 %126.5 %55.4 %23.1 %
Relative net indebtedness %532.9 %350.7 %182.3 %121.9 %
Liquidity
Quick ratio0.423.29.41.90.3
Current ratio0.423.29.41.90.3
Cash and cash equivalents32.5452.9138.81
Capital use efficiency
Trade debtors turnover (days)
Net working capital %49.1 %58.0 %11.5 %-87.2 %
Credit risk
Credit ratingBBBAAAAAAA

Variable visualization

ROA:17.9%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:78.2%
Rating: 58/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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