Aurora Nordic Cannabis A/S
Credit rating
Company information
01Crop and animal production, hunting and related service activities
About the company
Aurora Nordic Cannabis A/S (CVR number: 39329433) is a company from ODENSE. The company recorded a gross profit of 12 mDKK in 2023. The operating profit was -3912 kDKK, while net earnings were -33.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -446.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -99.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Aurora Nordic Cannabis A/S's liquidity measured by quick ratio was 0 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -26 999.00 | 28 681.00 | 65 020.00 | 31 292.00 | 11 974.00 |
| EBIT | - 250 297.00 | -33 186.00 | 9 396.00 | -14 371.00 | -3 912.00 |
| Net earnings | - 262 176.00 | -62 437.00 | -23 960.00 | -39 166.00 | -33 357.00 |
| Shareholders equity total | - 303 453.00 | - 365 890.00 | - 389 850.00 | - 429 016.00 | - 462 373.00 |
| Balance sheet total (assets) | 137 901.00 | 99 171.00 | 107 451.00 | 13 911.00 | 1 038.00 |
| Net debt | 406 402.00 | 451 924.00 | 472 471.00 | 427 630.00 | 460 401.00 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -70.0 % | -7.3 % | 2.0 % | -2.6 % | -0.8 % |
| ROE | -141.7 % | -52.7 % | -23.2 % | -64.5 % | -446.3 % |
| ROI | -75.5 % | -7.5 % | 2.0 % | -2.7 % | -0.9 % |
| Economic value added (EVA) | - 238 957.99 | -16 959.42 | 28 024.14 | 6 007.49 | 17 749.22 |
| Solvency | |||||
| Equity ratio | -68.8 % | -78.7 % | -78.4 % | -96.9 % | -99.8 % |
| Gearing | -140.3 % | -124.4 % | -125.2 % | -100.2 % | -99.8 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.1 | 0.1 | 0.2 | 0.0 | 0.0 |
| Current ratio | 0.1 | 0.1 | 0.2 | 0.0 | 0.0 |
| Cash and cash equivalents | 19 464.00 | 3 396.00 | 15 692.00 | 2 053.00 | 903.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | B | B | BB | B | B |
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