Nordic Finance ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 25.23 | 21.56 | 15.60 | 30.50 | 37.30 |
Gross profit | 21.80 | 19.22 | 1 903.54 | 104.47 | 15.08 |
EBIT | 7.46 | 1 734.72 | 96.45 | -7.89 | |
Net earnings | 5.81 | 1 522.93 | - 158.21 | - 254.99 | |
Shareholders equity total | 90.00 | 95.81 | 1 618.74 | 1 346.13 | 1 091.14 |
Balance sheet total (assets) | 142.50 | 294.42 | 1 716.80 | 1 659.00 | 1 461.11 |
Net debt | 52.35 | 170.11 | 39.61 | 254.24 | 313.24 |
Profitability | |||||
EBIT-% | 34.6 % | 11120.0 % | 316.2 % | -21.2 % | |
ROA | 3.4 % | 378.0 % | 12.8 % | 16.8 % | |
ROE | 6.3 % | 177.6 % | -10.7 % | -20.9 % | |
ROI | 3.4 % | 388.5 % | 13.2 % | -18.4 % | |
Economic value added (EVA) | -4.51 | 1.30 | 1 425.19 | -4.71 | -72.46 |
Solvency | |||||
Equity ratio | 63.2 % | 32.5 % | 94.3 % | 81.1 % | 74.7 % |
Gearing | 58.3 % | 203.4 % | 2.9 % | 19.4 % | 29.3 % |
Relative net indebtedness % | 207.5 % | 806.2 % | 577.3 % | 1002.2 % | 974.3 % |
Liquidity | |||||
Quick ratio | 0.0 | 0.1 | 3.8 | 0.6 | 0.7 |
Current ratio | 0.0 | 0.1 | 3.8 | 0.6 | 0.7 |
Cash and cash equivalents | 0.15 | 24.79 | 8.00 | 7.19 | 6.54 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 58.5 | 37.4 | 78.3 | ||
Net working capital % | -207.5 % | -806.2 % | 1791.1 % | -369.7 % | -255.7 % |
Credit risk | |||||
Credit rating | BB | BBB | BBB | A | BBB |
Variable visualization
Roles
Companies in the same industry
- Professional credit risk reports
- Create your own estimates for any company
- Valuation analysis
- All 400,000+ Danish companies
- See instructions

... and more!
No registration needed.