Nordic Wood Industries A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Nordic Wood Industries A/S
Nordic Wood Industries A/S (CVR number: 37385603K) is a company from SILKEBORG. The company reported a net sales of 983.1 mDKK in 2024, demonstrating a growth of 41.2 % compared to the previous year. The operating profit percentage was poor at -9.5 % (EBIT: -93 mDKK), while net earnings were -93.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was -15 %, which can be considered poor and Return on Equity (ROE) was -44.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Nordic Wood Industries A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 471.67 | 846.65 | 913.78 | 696.03 | 983.10 |
Gross profit | 207.28 | 355.14 | 367.80 | 300.54 | 322.50 |
EBIT | 38.52 | 90.24 | 82.77 | 47.62 | -93.02 |
Net earnings | 28.87 | 67.08 | 59.86 | 33.70 | -93.11 |
Shareholders equity total | 108.93 | 166.99 | 227.90 | 258.00 | 160.91 |
Balance sheet total (assets) | 306.51 | 420.76 | 467.97 | 583.10 | 623.13 |
Net debt | 44.86 | 38.45 | 12.74 | 12.97 | 156.15 |
Profitability | |||||
EBIT-% | 8.2 % | 10.7 % | 9.1 % | 6.8 % | -9.5 % |
ROA | 14.7 % | 24.8 % | 18.8 % | 9.4 % | -15.0 % |
ROE | 46.8 % | 57.6 % | 30.3 % | 13.9 % | -44.7 % |
ROI | 21.1 % | 39.9 % | 28.6 % | 13.2 % | -21.6 % |
Economic value added (EVA) | 21.97 | 58.96 | 48.90 | 19.60 | - 106.45 |
Solvency | |||||
Equity ratio | 36.7 % | 40.9 % | 50.0 % | 44.8 % | 26.2 % |
Gearing | 67.1 % | 34.8 % | 29.9 % | 26.4 % | 110.5 % |
Relative net indebtedness % | 33.5 % | 26.4 % | 18.4 % | 29.7 % | 39.5 % |
Liquidity | |||||
Quick ratio | 0.9 | 1.1 | 1.2 | 1.2 | 0.7 |
Current ratio | 1.3 | 1.5 | 1.7 | 1.6 | 1.0 |
Cash and cash equivalents | 28.22 | 19.72 | 55.35 | 55.17 | 21.64 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 37.1 | 45.1 | 37.4 | 44.8 | 60.6 |
Net working capital % | 6.4 % | 10.2 % | 11.0 % | 17.1 % | -0.7 % |
Credit risk | |||||
Credit rating | AAA | AAA | AAA | AAA | A |
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