NORDIC TRAVEL ASSOCIATES ApS — Credit Rating and Financial Key Figures

NORDIC TRAVEL ASSOCIATES ApS (CVR number: 35894985) is a company from TÅRNBY. The company recorded a gross profit of 2835.1 kDKK in 2023. The operating profit was 1649.3 kDKK, while net earnings were 1028.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.4 %, which can be considered good but Return on Equity (ROE) was 21.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 6.1 %, 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. NORDIC TRAVEL ASSOCIATES ApS's liquidity measured by quick ratio was 1.7 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.