Navitas Renewables A/S — Credit Rating and Financial Key Figures

Navitas Renewables A/S (CVR number: 40604693) is a company from HEDENSTED. The company recorded a gross profit of 13.2 mDKK in 2023. The operating profit was 2311.8 kDKK, while net earnings were 1265.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.8 %, which can be considered good but Return on Equity (ROE) was 15.7 %, which can be considered excellent. 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. Navitas Renewables A/S's liquidity measured by quick ratio was 1.3 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.