Nordic Prime ApS — Credit Rating and Financial Key Figures

CVR number: 36893419
Niels Bohrs Vej 6, 6700 Esbjerg

Credit rating

Company information

Official name
Nordic Prime ApS
Personnel
10 persons
Established
2015
Company form
Private limited company
Industry

About Nordic Prime ApS

Nordic Prime ApS (CVR number: 36893419) is a company from ESBJERG. The company recorded a gross profit of 10.7 mDKK in 2023. The operating profit was 4870 kDKK, while net earnings were 2782.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.4 %, which can be considered excellent and Return on Equity (ROE) was 19.2 %, which can be considered excellent. 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. Nordic Prime ApS's liquidity measured by quick ratio was 0.5 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.

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 profit1 167.213 798.50- 223.018 066.7310 715.49
EBIT- 510.951 041.88-4 224.103 116.554 870.04
Net earnings34.55290.72-3 750.081 794.512 782.30
Shareholders equity total1 274.721 565.44-2 184.64- 390.122 392.17
Balance sheet total (assets)15 941.9529 809.6924 121.9626 568.4425 991.55
Net debt10 342.9317 635.7818 231.0916 255.4215 695.07
Profitability
EBIT-%
ROA3.4 %4.6 %-14.6 %11.7 %18.4 %
ROE2.7 %20.5 %-29.2 %7.1 %19.2 %
ROI4.6 %6.5 %-21.5 %17.7 %27.9 %
Economic value added (EVA)- 525.10209.54-4 269.051 609.232 958.10
Solvency
Equity ratio8.0 %5.3 %-8.3 %-1.4 %9.2 %
Gearing813.6 %1126.8 %-839.0 %-4303.2 %658.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.50.40.30.60.5
Current ratio1.01.01.01.01.1
Cash and cash equivalents28.383.5297.83532.3253.93
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:18.4%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:9.20%
Rating: 9/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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