NORDIC GREENS A/S — Credit Rating and Financial Key Figures

NORDIC GREENS A/S (CVR number: 29634521K) is a company from ODENSE. The company recorded a gross profit of 110.4 mDKK in 2019, demonstrating a growth of 9.3 % compared to the previous year. The operating profit was 9832 kDKK, while net earnings were 5330 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.3 %, which can be considered decent and Return on Equity (ROE) was 6.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 39.2 %, 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. NORDIC GREENS A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.