NORDIC RENEWABLE ENERGY ApS — Credit Rating and Financial Key Figures

NORDIC RENEWABLE ENERGY ApS (CVR number: 32095658) is a company from ESBJERG. The company recorded a gross profit of -5 kDKK in 2017. The operating profit was -5 kDKK, while net earnings were -3.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.9 %, which can be considered poor and Return on Equity (ROE) was -4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 95 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDIC RENEWABLE ENERGY ApS's liquidity measured by quick ratio was 20 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.