NORICAN GROUP ApS — Credit Rating and Financial Key Figures

NORICAN GROUP ApS (CVR number: 31286042) is a company from Høje-Taastrup. The company recorded a gross profit of -1627 kEUR in 2023. The operating profit was -1627 kEUR, while net earnings were 5918 kEUR. The profitability of the company measured by Return on Assets (ROA) was 8.2 %, which can be considered good and Return on Equity (ROE) was 14.8 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 9.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. NORICAN GROUP ApS's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.