NORholding ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORholding ApS
NORholding ApS (CVR number: 37807672) is a company from RANDERS. The company recorded a gross profit of -10.1 kDKK in 2023. The operating profit was -10.1 kDKK, while net earnings were 155.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.6 %, which can be considered decent but Return on Equity (ROE) was 9.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 72.4 %, 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. NORholding ApS's liquidity measured by quick ratio was 1.4 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -8.25 | -9.20 | -9.89 | -8.08 | -10.05 |
| EBIT | -8.25 | -9.20 | -9.89 | -8.08 | -10.05 |
| Net earnings | 539.21 | 167.09 | 264.50 | 217.89 | 155.72 |
| Shareholders equity total | 1 230.63 | 1 297.73 | 1 505.73 | 1 609.21 | 1 614.94 |
| Balance sheet total (assets) | 1 813.98 | 2 117.57 | 2 211.73 | 2 729.41 | 2 229.57 |
| Net debt | - 114.89 | - 216.62 | - 131.07 | - 163.30 | - 238.99 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 37.4 % | 8.8 % | 14.1 % | 10.1 % | 7.6 % |
| ROE | 54.0 % | 13.2 % | 18.9 % | 14.0 % | 9.7 % |
| ROI | 41.7 % | 9.4 % | 14.3 % | 10.3 % | 7.8 % |
| Economic value added (EVA) | 34.71 | 55.26 | 78.99 | 86.43 | 110.92 |
| Solvency | |||||
| Equity ratio | 67.8 % | 61.3 % | 68.1 % | 59.0 % | 72.4 % |
| Gearing | 31.1 % | 60.2 % | 45.6 % | 64.5 % | 34.3 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.1 | 1.3 | 1.3 | 1.2 | 1.4 |
| Current ratio | 1.1 | 1.3 | 1.3 | 1.2 | 1.4 |
| Cash and cash equivalents | 497.45 | 998.13 | 817.23 | 1 201.17 | 793.33 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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