NORDAN MARINE A/S — Credit Rating and Financial Key Figures

CVR number: 33583052
Industrivej 11, Vangen 9900 Frederikshavn
ab@nordanmarine.com
tel: 98402441

Credit rating

Company information

Official name
NORDAN MARINE A/S
Personnel
34 persons
Established
2011
Domicile
Vangen
Company form
Limited company
Industry

About NORDAN MARINE A/S

NORDAN MARINE A/S (CVR number: 33583052) is a company from FREDERIKSHAVN. The company recorded a gross profit of 24.2 mDKK in 2024. The operating profit was -213.2 kDKK, while net earnings were -762.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.9 %, which can be considered poor and Return on Equity (ROE) was -14.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.9 %, 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. NORDAN MARINE A/S's liquidity measured by quick ratio was 0.8 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit14 584.5216 176.8215 861.8720 828.8424 221.50
EBIT3 004.192 553.64526.082 936.99- 213.18
Net earnings2 247.171 818.66129.021 763.91- 762.51
Shareholders equity total3 690.495 009.153 738.175 502.084 739.57
Balance sheet total (assets)11 160.3211 853.7013 287.2822 389.4518 476.12
Net debt2 436.802 122.224 644.769 211.707 080.85
Profitability
EBIT-%
ROA30.1 %22.2 %4.2 %16.5 %-0.9 %
ROE59.6 %41.8 %2.9 %38.2 %-14.9 %
ROI44.8 %33.1 %6.4 %25.2 %-1.4 %
Economic value added (EVA)2 155.191 817.44161.992 108.73- 450.69
Solvency
Equity ratio33.1 %42.3 %29.6 %26.9 %26.9 %
Gearing69.5 %47.5 %128.1 %169.0 %155.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.91.20.90.90.8
Current ratio1.61.91.41.31.3
Cash and cash equivalents129.24258.24144.5785.75292.28
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBABBB

Variable visualization

ROA:-0.94%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:26.9%
Rating: 24/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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