Nørhald Auto ApS — Credit Rating and Financial Key Figures

CVR number: 40608079
Østergade 2 A, Ø Tørslev 8983 Gjerlev J
michael@norhaldauto.dk

Credit rating

Company information

Official name
Nørhald Auto ApS
Personnel
13 persons
Established
2019
Domicile
Ø Tørslev
Company form
Private limited company
Industry

About Nørhald Auto ApS

Nørhald Auto ApS (CVR number: 40608079) is a company from RANDERS. The company recorded a gross profit of 2611.4 kDKK in 2023. The operating profit was 192.8 kDKK, while net earnings were 111.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.8 %, which can be considered decent but Return on Equity (ROE) was 8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 49.5 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Nørhald Auto ApS'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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit1 489.481 466.132 181.112 469.952 611.41
EBIT125.7331.11374.98235.90192.84
Net earnings72.8911.41270.87176.16111.36
Shareholders equity total1 086.501 047.911 318.781 369.951 406.31
Balance sheet total (assets)2 031.182 142.302 584.032 392.162 842.24
Net debt282.03-18.34- 446.13328.37111.83
Profitability
EBIT-%
ROA6.2 %1.8 %16.1 %9.8 %7.8 %
ROE6.7 %1.1 %22.9 %13.1 %8.0 %
ROI8.0 %2.5 %25.9 %14.4 %11.5 %
Economic value added (EVA)96.46-56.96221.23106.8559.60
Solvency
Equity ratio53.5 %48.9 %51.0 %57.3 %49.5 %
Gearing26.0 %14.4 %7.6 %26.2 %15.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.81.00.70.4
Current ratio1.41.21.61.81.5
Cash and cash equivalents0.77169.45546.8629.95108.03
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:7.75%
Rating: 51/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:49.5%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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