Nordic Wheel Solution ApS — Credit Rating and Financial Key Figures

Nordic Wheel Solution ApS (CVR number: 42281018) is a company from SILKEBORG. The company recorded a gross profit of 1725 kDKK in 2023. The operating profit was 578.6 kDKK, while net earnings were 431 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.1 %, which can be considered excellent and Return on Equity (ROE) was 119.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 25.6 %, 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 Wheel Solution ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.