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

CVR number: 39270226
Strandboulevarden 89, 2100 København Ø
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Company information

Official name
Nordens Formuekredit A/S
Established
2018
Company form
Limited company
Industry

About Nordens Formuekredit A/S

Nordens Formuekredit A/S (CVR number: 39270226) is a company from KØBENHAVN. The company recorded a gross profit of -8.6 kDKK in 2024. The operating profit was -8.6 kDKK, while net earnings were -6.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.7 %, which can be considered poor and Return on Equity (ROE) was -1.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 98 %, 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 51.2 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-14.34-14.58-7.09-3.16-8.56
EBIT-14.34-14.58-7.09-3.16-8.56
Net earnings-15.92-17.17-9.85-1.62-6.95
Shareholders equity total443.71426.55416.69415.07408.12
Balance sheet total (assets)456.84439.67429.82423.20416.25
Net debt- 456.27- 439.56- 429.71- 423.08- 416.13
Profitability
EBIT-%
ROA-3.1 %-3.3 %-1.6 %-0.4 %-1.7 %
ROE-3.5 %-3.9 %-2.3 %-0.4 %-1.7 %
ROI-3.2 %-3.3 %-1.7 %-0.4 %-1.7 %
Economic value added (EVA)-13.62-13.98-6.43-2.50-8.16
Solvency
Equity ratio97.1 %97.0 %96.9 %98.1 %98.0 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio34.833.532.752.151.2
Current ratio34.833.532.752.151.2
Cash and cash equivalents456.27439.56429.71423.08416.13
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:-1.66%
Rating: 18/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.0%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer

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