Norcar Denmark ApS — Credit Rating and Financial Key Figures

Norcar Denmark ApS (CVR number: 42925209) is a company from ODENSE. The company recorded a gross profit of 23.3 mDKK in 2023. The operating profit was 22.2 mDKK, while net earnings were 17.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 57.8 %, which can be considered excellent and Return on Equity (ROE) was 112.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 33.6 %, 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. Norcar Denmark ApS's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.