Nordens Formuekredit A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Nordens Formuekredit A/S
Nordens Formuekredit A/S (CVR number: 39270226) is a company from KØBENHAVN. The company recorded a gross profit of -3.2 kDKK in 2023. The operating profit was -3.2 kDKK, while net earnings were -1.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.4 %, which can be considered poor and Return on Equity (ROE) was -0.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Nordens Formuekredit A/S's liquidity measured by quick ratio was 52.1 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -13.53 | -14.34 | -14.58 | -7.09 | -3.16 |
EBIT | -13.53 | -14.34 | -14.58 | -7.09 | -3.16 |
Net earnings | -14.99 | -15.92 | -17.17 | -9.85 | -1.62 |
Shareholders equity total | 459.64 | 443.71 | 426.55 | 416.69 | 415.07 |
Balance sheet total (assets) | 472.14 | 456.84 | 439.67 | 429.82 | 423.20 |
Net debt | - 471.70 | - 456.27 | - 439.56 | - 429.71 | - 423.08 |
Profitability | |||||
EBIT-% | |||||
ROA | -2.8 % | -3.1 % | -3.3 % | -1.6 % | -0.4 % |
ROE | -3.2 % | -3.5 % | -3.9 % | -2.3 % | -0.4 % |
ROI | -2.9 % | -3.2 % | -3.3 % | -1.7 % | -0.4 % |
Economic value added (EVA) | -12.92 | -13.62 | -13.98 | -6.43 | -2.50 |
Solvency | |||||
Equity ratio | 97.4 % | 97.1 % | 97.0 % | 96.9 % | 98.1 % |
Gearing | |||||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 37.8 | 34.8 | 33.5 | 32.7 | 52.1 |
Current ratio | 37.8 | 34.8 | 33.5 | 32.7 | 52.1 |
Cash and cash equivalents | 471.70 | 456.27 | 439.56 | 429.71 | 423.08 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | B | B | B | BB |
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