Nørager Byg ApS — Credit Rating and Financial Key Figures

Nørager Byg ApS (CVR number: 42902233) is a company from VESTHIMMERLANDS. The company recorded a gross profit of 1603.4 kDKK in 2023. The operating profit was 78.4 kDKK, while net earnings were 21.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good but Return on Equity (ROE) was 5.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 0.9 %, 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. Nørager Byg ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.