Nordic Finance ApS — Credit Rating and Financial Key Figures

CVR number: 39620669
Kongsbjergvej 15, 2830 Virum
kontakt@nordicfinance.dk
https://nordicfinance.dk

Credit rating

Company information

Official name
Nordic Finance ApS
Established
2018
Company form
Private limited company
Industry

About Nordic Finance ApS

Nordic Finance ApS (CVR number: 39620669) is a company from LYNGBY-TAARBÆK. The company reported a net sales of 0 mDKK in 2023, demonstrating a growth of 22.3 % compared to the previous year. The operating profit percentage was poor at -21.2 % (EBIT: -0 mDKK), while net earnings were -255 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16.8 %, which can be considered excellent but Return on Equity (ROE) was -20.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Nordic Finance ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales25.2321.5615.6030.5037.30
Gross profit21.8019.221 903.54104.4715.08
EBIT7.461 734.7296.45-7.89
Net earnings5.811 522.93- 158.21- 254.99
Shareholders equity total90.0095.811 618.741 346.131 091.14
Balance sheet total (assets)142.50294.421 716.801 659.001 461.11
Net debt52.35170.1139.61254.24313.24
Profitability
EBIT-%34.6 %11120.0 %316.2 %-21.2 %
ROA3.4 %378.0 %12.8 %16.8 %
ROE6.3 %177.6 %-10.7 %-20.9 %
ROI3.4 %388.5 %13.2 %-18.4 %
Economic value added (EVA)-4.511.301 425.19-4.71-72.46
Solvency
Equity ratio63.2 %32.5 %94.3 %81.1 %74.7 %
Gearing58.3 %203.4 %2.9 %19.4 %29.3 %
Relative net indebtedness %207.5 %806.2 %577.3 %1002.2 %974.3 %
Liquidity
Quick ratio0.00.13.80.60.7
Current ratio0.00.13.80.60.7
Cash and cash equivalents0.1524.798.007.196.54
Capital use efficiency
Trade debtors turnover (days)58.537.478.3
Net working capital %-207.5 %-806.2 %1791.1 %-369.7 %-255.7 %
Credit risk
Credit ratingBBBBBBBBABBB

Variable visualization

ROA:16.8%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:74.7%
Rating: 56/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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