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November First A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About November First A/S
November First A/S (CVR number: 37367605) is a company from KØBENHAVN. The company recorded a gross profit of -3295.5 kDKK in 2025. The operating profit was -10.4 mDKK, while net earnings were -7669.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -183.1 %, which can be considered poor and Return on Equity (ROE) was -205.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 62.3 %, 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. November First A/S's liquidity measured by quick ratio was 1.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -2 669.80 | -2 260.05 | -4 186.91 | -3 056.37 | -3 295.48 |
| EBIT | -8 702.55 | -12 308.18 | -12 031.75 | -9 690.53 | -10 432.24 |
| Net earnings | -8 208.21 | -11 475.47 | -11 192.12 | -8 602.26 | -7 669.67 |
| Shareholders equity total | 5 459.52 | 2 684.05 | 2 217.93 | 4 570.67 | 2 901.00 |
| Balance sheet total (assets) | 9 835.27 | 5 382.34 | 6 034.33 | 6 672.70 | 4 654.05 |
| Net debt | -7 158.67 | -1 684.33 | -1 592.31 | -3 081.27 | - 453.04 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -80.6 % | -161.6 % | -209.3 % | -151.0 % | -183.1 % |
| ROE | -110.0 % | -281.8 % | -456.6 % | -253.4 % | -205.3 % |
| ROI | -109.9 % | -286.2 % | -456.7 % | -269.6 % | -277.6 % |
| Economic value added (EVA) | -8 610.38 | -11 723.20 | -11 377.15 | -8 812.34 | -7 940.19 |
| Solvency | |||||
| Equity ratio | 75.8 % | 52.6 % | 52.3 % | 70.6 % | 62.3 % |
| Gearing | 14.8 % | 0.0 % | |||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 6.4 | 2.0 | 2.9 | 2.4 | 1.8 |
| Current ratio | 2.1 | 1.7 | 1.4 | 2.1 | 1.8 |
| Cash and cash equivalents | 7 158.67 | 1 684.33 | 1 921.07 | 3 081.27 | 453.58 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BB | BB | BB | BB |
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