Nordic Subsea ApS — Credit Rating and Financial Key Figures

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

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 2572.2 kDKK in 2023. The operating profit was 1568.3 kDKK, while net earnings were 1213.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 64.7 %, which can be considered excellent and Return on Equity (ROE) was 97.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 51.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Nordic Subsea ApS's liquidity measured by quick ratio was 1.5 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit733.43673.811 076.351 267.172 572.18
EBIT8.00-35.49346.08559.611 568.32
Net earnings5.16-29.78267.10429.251 213.11
Shareholders equity total469.60439.82706.92836.171 649.28
Balance sheet total (assets)617.81776.161 301.291 678.483 182.24
Net debt- 186.02- 321.59- 749.37- 505.74- 295.58
Profitability
EBIT-%
ROA1.2 %-5.1 %33.3 %37.6 %64.7 %
ROE1.1 %-6.5 %46.6 %55.6 %97.6 %
ROI1.7 %-7.2 %49.6 %60.8 %100.0 %
Economic value added (EVA)-7.55-42.76265.42445.151 207.23
Solvency
Equity ratio76.0 %56.7 %54.3 %49.8 %51.8 %
Gearing0.2 %12.3 %27.0 %12.9 %33.3 %
Relative net indebtedness %
Liquidity
Quick ratio2.61.82.01.91.5
Current ratio2.61.82.01.92.0
Cash and cash equivalents187.10375.77939.99613.55845.05
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBA

Variable visualization

ROA:64.7%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:51.8%
Rating: 41/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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