NORTHERN OFFSHORE SERVICES A/S — Credit Rating and Financial Key Figures

NORTHERN OFFSHORE SERVICES A/S (CVR number: 32781020) is a company from KØBENHAVN. The company reported a net sales of 299.1 mDKK in 2023, demonstrating a decline of -11 % compared to the previous year. The operating profit percentage was at 10.5 % (EBIT: 31.3 mDKK), while net earnings were 5091.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.5 %, which can be considered decent and Return on Equity (ROE) was 5.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 10.5 %, 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. NORTHERN OFFSHORE SERVICES A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.