Norican A/S — Credit Rating and Financial Key Figures

Norican A/S (CVR number: 36458771) is a company from Høje-Taastrup. The company reported a net sales of 20.1 mEUR in 2023, demonstrating a growth of 47.3 % compared to the previous year. The operating profit percentage was poor at -20.5 % (EBIT: -4.1 mEUR), while net earnings were 107.5 mEUR. The profitability of the company measured by Return on Assets (ROA) was 24 %, which can be considered excellent and Return on Equity (ROE) was 69.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 36.6 %, 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. Norican A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.