NOWACO SHIPPING ApS — Credit Rating and Financial Key Figures

NOWACO SHIPPING ApS (CVR number: 35207902) is a company from AALBORG. The company recorded a gross profit of 43.2 kDKK in 2023. The operating profit was 43.2 kDKK, while net earnings were 38.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.1 %, which can be considered good and Return on Equity (ROE) was 9.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 59 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. NOWACO SHIPPING ApS's liquidity measured by quick ratio was 2.4 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.