Nordic Subsea ApS — Credit Rating and Financial Key Figures

CVR number: 38035762
Rådmandsvej 1, 5700 Svendborg
dc@nordic-subsea.dk
tel: 60159132

Credit rating

Company information

Official name
Nordic Subsea ApS
Personnel
2 persons
Established
2016
Company form
Private limited company
Industry

About Nordic Subsea ApS

Nordic Subsea ApS (CVR number: 38035762) is a company from SVENDBORG. The company recorded a gross profit of 5274.5 kDKK in 2024. The operating profit was 3501.8 kDKK, while net earnings were 2704.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 77.8 %, which can be considered excellent and Return on Equity (ROE) was 98.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 66 %, 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 Subsea ApS's liquidity measured by quick ratio was 2.1 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit673.811 076.351 267.172 572.185 274.55
EBIT-35.49346.08559.611 568.323 501.84
Net earnings-29.78267.10429.251 213.112 704.49
Shareholders equity total439.82706.92836.171 649.283 853.77
Balance sheet total (assets)776.161 301.291 678.483 182.245 838.39
Net debt- 321.59- 749.37- 505.74- 295.58-3 252.77
Profitability
EBIT-%
ROA-5.1 %33.3 %37.6 %64.7 %77.8 %
ROE-6.5 %46.6 %55.6 %97.6 %98.3 %
ROI-7.2 %49.6 %60.8 %100.0 %115.6 %
Economic value added (EVA)-52.74243.66388.341 170.982 593.15
Solvency
Equity ratio56.7 %54.3 %49.8 %51.8 %66.0 %
Gearing12.3 %27.0 %12.9 %33.3 %0.1 %
Relative net indebtedness %
Liquidity
Quick ratio1.82.01.91.52.1
Current ratio1.82.01.92.02.7
Cash and cash equivalents375.77939.99613.55845.053 255.01
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:77.8%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.0%
Rating: 50/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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