NOR Associates ApS — Credit Rating and Financial Key Figures

NOR Associates ApS (CVR number: 39749815) is a company from KØBENHAVN. The company recorded a gross profit of 10.9 mDKK in 2020. The operating profit was 7590.7 kDKK, while net earnings were 5789.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 147.2 %, which can be considered excellent and Return on Equity (ROE) was 256.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 19.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. NOR Associates ApS's liquidity measured by quick ratio was 1.2 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.