NORDIC GLIDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORDIC GLIDING ApS
NORDIC GLIDING ApS (CVR number: 32318428) is a company from HERNING. The company recorded a gross profit of -30.1 kDKK in 2023. The operating profit was -30.1 kDKK, while net earnings were -24 kDKK. The profitability of the company measured by Return on Assets (ROA) was -12.9 %, which can be considered poor and Return on Equity (ROE) was -15.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 60.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. NORDIC GLIDING ApS's liquidity measured by quick ratio was 2.5 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 | -33.66 | 9.58 | -16.02 | 11.72 | -30.05 |
EBIT | -33.66 | 9.58 | -16.02 | 11.72 | -30.05 |
Net earnings | -27.92 | 7.32 | -13.57 | 8.22 | -23.95 |
Shareholders equity total | 167.51 | 174.83 | 161.26 | 169.48 | 145.53 |
Balance sheet total (assets) | 340.57 | 295.83 | 229.33 | 226.23 | 240.42 |
Net debt | - 187.41 | - 212.23 | - 205.13 | - 193.39 | - 209.24 |
Profitability | |||||
EBIT-% | |||||
ROA | -9.0 % | 3.0 % | -6.1 % | 5.1 % | -12.9 % |
ROE | -15.4 % | 4.3 % | -8.1 % | 5.0 % | -15.2 % |
ROI | -12.3 % | 3.6 % | -8.1 % | 7.1 % | -19.1 % |
Economic value added (EVA) | -17.22 | 14.83 | -7.61 | 11.31 | -22.29 |
Solvency | |||||
Equity ratio | 49.2 % | 59.1 % | 70.3 % | 74.9 % | 60.5 % |
Gearing | 75.5 % | 34.3 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.0 | 2.4 | 3.4 | 4.0 | 2.5 |
Current ratio | 2.0 | 2.4 | 3.4 | 4.0 | 2.5 |
Cash and cash equivalents | 313.88 | 272.23 | 205.13 | 193.39 | 209.24 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | C | BB | B |
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