Nordens Formuekredit A/S — Credit Rating and Financial Key Figures

CVR number: 39270226
Strandboulevarden 89, 2100 København Ø

Credit rating

Company information

Official name
Nordens Formuekredit A/S
Established
2018
Company form
Limited company
Industry
  • Expand more icon64Financial service activities, except insurance and pension funding

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
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 total459.64443.71426.55416.69415.07
Balance sheet total (assets)472.14456.84439.67429.82423.20
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 ratio97.4 %97.1 %97.0 %96.9 %98.1 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio37.834.833.532.752.1
Current ratio37.834.833.532.752.1
Cash and cash equivalents471.70456.27439.56429.71423.08
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBB

Variable visualization

ROA:-0.38%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.1%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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