BOSTON NORDIC GROUP A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About BOSTON NORDIC GROUP A/S
BOSTON NORDIC GROUP A/S (CVR number: 13907277) is a company from FURESØ. The company reported a net sales of 29.6 mDKK in 2023, demonstrating a growth of 18.3 % compared to the previous year. The operating profit percentage was at 98.9 % (EBIT: 29.2 mDKK), while net earnings were 85.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 58 %, which can be considered excellent and Return on Equity (ROE) was 75.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 50.6 %, 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. BOSTON NORDIC GROUP A/S's liquidity measured by quick ratio was 4.2 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 (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 14 111.28 | 15 548.24 | 24 994.88 | 29 565.89 | |
Gross profit | -72.17 | 14 024.65 | 15 451.13 | 24 748.70 | 29 249.62 |
EBIT | -72.17 | 14 024.65 | 15 451.13 | 24 748.70 | 29 249.62 |
Net earnings | 21 351.18 | 45 224.43 | 52 513.36 | 79 954.87 | 85 887.97 |
Shareholders equity total | 56 583.05 | 79 842.86 | 102 617.27 | 144 855.53 | 83 811.50 |
Balance sheet total (assets) | 60 676.51 | 87 487.35 | 111 541.96 | 161 730.29 | 165 720.75 |
Net debt | -5 066.21 | -18 435.80 | - 241.86 | -28 312.46 | 59 990.65 |
Profitability | |||||
EBIT-% | 99.4 % | 99.4 % | 99.0 % | 98.9 % | |
ROA | 38.1 % | 65.8 % | 57.1 % | 63.7 % | 58.0 % |
ROE | 39.5 % | 66.3 % | 57.6 % | 64.6 % | 75.1 % |
ROI | 40.7 % | 71.5 % | 62.3 % | 70.3 % | 65.0 % |
Economic value added (EVA) | - 432.75 | 10 710.33 | 12 629.68 | 18 188.96 | 23 885.54 |
Solvency | |||||
Equity ratio | 93.3 % | 91.3 % | 92.0 % | 89.6 % | 50.6 % |
Gearing | 0.0 % | 0.0 % | 0.2 % | 71.6 % | |
Relative net indebtedness % | -76.5 % | 55.8 % | -46.8 % | 265.7 % | |
Liquidity | |||||
Quick ratio | 7.8 | 6.0 | 5.7 | 3.9 | 4.2 |
Current ratio | 7.8 | 6.0 | 5.7 | 3.9 | 4.2 |
Cash and cash equivalents | 5 074.44 | 18 435.80 | 243.44 | 28 582.23 | 10.52 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 269.2 % | 270.3 % | 197.4 % | 202.0 % | |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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