NORTH-WEST AIR SERVICE A/S — Credit Rating and Financial Key Figures

CVR number: 35390316
Lufthavnsvej 10, Tved 7730 Hanstholm

Credit rating

Company information

Official name
NORTH-WEST AIR SERVICE A/S
Established
1972
Domicile
Tved
Company form
Limited company
Industry

About NORTH-WEST AIR SERVICE A/S

NORTH-WEST AIR SERVICE A/S (CVR number: 35390316) is a company from THISTED. The company recorded a gross profit of 551.5 kDKK in 2023. The operating profit was 502.4 kDKK, while net earnings were 441.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.3 %, which can be considered excellent and Return on Equity (ROE) was 16.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 84.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORTH-WEST AIR SERVICE A/S's liquidity measured by quick ratio was 10.1 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit501.80492.47502.67509.84551.47
EBIT445.98436.65446.84459.28502.37
Net earnings346.88335.02372.15386.35441.06
Shareholders equity total2 598.812 583.832 655.982 642.332 703.39
Balance sheet total (assets)2 944.892 920.163 006.943 008.433 192.49
Net debt-1 876.09-1 722.09-20.48-19.86-22.91
Profitability
EBIT-%
ROA15.7 %15.1 %16.2 %16.5 %18.3 %
ROE13.2 %12.9 %14.2 %14.6 %16.5 %
ROI16.9 %16.6 %17.7 %18.2 %20.7 %
Economic value added (EVA)329.97304.25305.25225.80259.89
Solvency
Equity ratio88.2 %88.5 %88.3 %87.8 %84.7 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio9.410.09.915.710.1
Current ratio9.410.09.915.710.1
Cash and cash equivalents1 876.091 722.0920.4819.8622.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:18.3%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:84.7%
Rating: 64/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

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