NORDIC BRASS DANMARK A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORDIC BRASS DANMARK A/S
NORDIC BRASS DANMARK A/S (CVR number: 75390211) is a company from GLOSTRUP. The company reported a net sales of 189.1 mDKK in 2022, demonstrating a growth of 19.6 % compared to the previous year. The operating profit percentage was at 0.7 % (EBIT: 1.4 mDKK), while net earnings were 857.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good and Return on Equity (ROE) was 11.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 44 %, 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. NORDIC BRASS DANMARK A/S's liquidity measured by quick ratio was 1.4 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.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 109.50 | 116.17 | 109.80 | 158.06 | 189.08 |
Gross profit | 2.76 | 2.25 | 1.73 | 2.29 | 2.88 |
EBIT | 1.40 | 0.82 | 0.34 | 1.06 | 1.38 |
Net earnings | 0.91 | 0.68 | -0.19 | 0.22 | 0.86 |
Shareholders equity total | 6.31 | 6.99 | 6.80 | 7.02 | 7.88 |
Balance sheet total (assets) | 24.77 | 19.07 | 24.94 | 24.73 | 17.89 |
Net debt | 6.12 | 1.52 | 1.21 | -5.51 | -7.37 |
Profitability | |||||
EBIT-% | 1.3 % | 0.7 % | 0.3 % | 0.7 % | 0.7 % |
ROA | 6.7 % | 5.1 % | 1.6 % | 4.3 % | 8.4 % |
ROE | 15.6 % | 10.2 % | -2.8 % | 3.2 % | 11.5 % |
ROI | 11.7 % | 10.0 % | 4.1 % | 14.0 % | 21.3 % |
Economic value added (EVA) | 0.89 | 0.39 | -0.08 | 0.49 | 0.85 |
Solvency | |||||
Equity ratio | 25.5 % | 36.7 % | 27.3 % | 28.4 % | 44.0 % |
Gearing | 118.3 % | 22.1 % | 18.9 % | 23.8 % | |
Relative net indebtedness % | 15.6 % | 10.4 % | 16.5 % | 7.7 % | 0.4 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.1 | 0.9 | 1.4 |
Current ratio | 1.3 | 1.6 | 1.4 | 1.4 | 1.8 |
Cash and cash equivalents | 1.35 | 0.02 | 0.07 | 5.51 | 9.24 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 18.6 | 30.2 | 14.4 | 15.7 | 8.5 |
Net working capital % | 5.7 % | 6.0 % | 6.1 % | 4.4 % | 4.1 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BB | BBB |
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