Nissens Automotive A/S — Credit Rating and Financial Key Figures

CVR number: 39565358
Ormhøjgårdvej 9, 8700 Horsens

Credit rating

Company information

Official name
Nissens Automotive A/S
Personnel
119 persons
Established
2018
Company form
Limited company
Industry
  • Expand more icon45Wholesale and retail trade and repair of motor vehicles and motorcycles

About Nissens Automotive A/S

Nissens Automotive A/S (CVR number: 39565358) is a company from HORSENS. The company reported a net sales of 1360.9 mDKK in 2023, demonstrating a growth of 10.8 % compared to the previous year. The operating profit percentage was at 12.7 % (EBIT: 173.1 mDKK), while net earnings were 138.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 22.5 %, which can be considered excellent and Return on Equity (ROE) was 55 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.2 %, 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. Nissens Automotive A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales846.58914.211 094.161 227.951 360.92
Gross profit846.58914.211 094.16100.89259.25
EBIT846.58914.211 094.1612.02173.05
Net earnings68.87105.5751.318.31138.22
Shareholders equity total232.16272.73174.05182.36320.58
Balance sheet total (assets)655.59847.14630.27729.54861.93
Net debt342.27257.53
Profitability
EBIT-%100.0 %100.0 %100.0 %1.0 %12.7 %
ROA144.0 %121.7 %148.1 %2.1 %22.5 %
ROE29.3 %41.8 %23.0 %4.7 %55.0 %
ROI160.8 %121.7 %148.1 %2.4 %30.3 %
Economic value added (EVA)830.72902.551 080.450.27122.64
Solvency
Equity ratio100.0 %100.0 %100.0 %25.0 %37.2 %
Gearing195.9 %91.5 %
Relative net indebtedness %42.3 %36.0 %
Liquidity
Quick ratio0.50.9
Current ratio1.51.8
Cash and cash equivalents14.9235.83
Capital use efficiency
Trade debtors turnover (days)27.122.8
Net working capital %17.7 %26.2 %
Credit risk
Credit ratingBBBBBBBBBAAAA

Variable visualization

ROA:22.5%
Rating: 78/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.2%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer
Chief executive officer

Companies in the same industry

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