NORLAX HOLDING A/S — Credit Rating and Financial Key Figures

NORLAX HOLDING A/S (CVR number: 27969909K) is a company from VARDE. The company recorded a gross profit of 75.2 mDKK in 2019. The operating profit was 4727 kDKK, while net earnings were 3203 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.8 %, which can be considered decent but Return on Equity (ROE) was 3.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 70.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. NORLAX HOLDING A/S'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.