NORDIC CENTER A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORDIC CENTER A/S
NORDIC CENTER A/S (CVR number: 73627419K) is a company from VEJEN. The company reported a net sales of 398.6 mDKK in 2023, demonstrating a decline of -9.1 % compared to the previous year. The operating profit percentage was at 7.2 % (EBIT: 28.7 mDKK), while net earnings were 20.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.1 %, which can be considered good and Return on Equity (ROE) was 8.3 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 82.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDIC CENTER A/S's liquidity measured by quick ratio was 2.9 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 370.52 | 430.06 | 438.59 | 398.56 | |
Gross profit | 72.86 | 99.23 | 109.58 | 89.14 | 85.76 |
EBIT | 20.77 | 40.95 | 48.64 | 33.05 | 28.70 |
Net earnings | 17.34 | 33.63 | 43.90 | 21.95 | 20.10 |
Shareholders equity total | 167.02 | 175.06 | 216.94 | 234.85 | 252.84 |
Balance sheet total (assets) | 255.35 | 229.27 | 277.12 | 293.83 | 304.83 |
Net debt | 33.45 | -15.95 | 18.86 | -5.24 | -76.36 |
Profitability | |||||
EBIT-% | 11.1 % | 11.3 % | 7.5 % | 7.2 % | |
ROA | 10.4 % | 18.5 % | 22.9 % | 11.2 % | 10.1 % |
ROE | 12.8 % | 21.4 % | 22.7 % | 9.8 % | 8.3 % |
ROI | 11.9 % | 21.5 % | 25.8 % | 12.6 % | 11.5 % |
Economic value added (EVA) | 8.36 | 23.33 | 30.26 | 14.76 | 11.69 |
Solvency | |||||
Equity ratio | 65.4 % | 76.4 % | 78.3 % | 80.0 % | 82.9 % |
Gearing | 26.1 % | 9.4 % | 13.1 % | 8.3 % | 3.7 % |
Relative net indebtedness % | 4.3 % | 10.8 % | 6.9 % | -9.4 % | |
Liquidity | |||||
Quick ratio | 0.5 | 2.0 | 1.4 | 1.5 | 2.9 |
Current ratio | 2.0 | 4.7 | 4.1 | 4.4 | 5.2 |
Cash and cash equivalents | 10.10 | 32.47 | 9.52 | 24.65 | 85.84 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 13.5 | 13.8 | 19.5 | 17.1 | |
Net working capital % | 31.1 % | 31.9 % | 34.5 % | 42.4 % | |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | AAA |
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