NORTEC A/S — Credit Rating and Financial Key Figures

NORTEC A/S (CVR number: 19992306) is a company from VEJLE. The company recorded a gross profit of 102.3 mDKK in 2023. The operating profit was 21.3 mDKK, while net earnings were 17.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.3 %, which can be considered good but Return on Equity (ROE) was 29.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 20.4 %, 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. NORTEC A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.