Nord Renewables ApS — Credit Rating and Financial Key Figures

Nord Renewables ApS (CVR number: 42187615) is a company from RANDERS. The company recorded a gross profit of -97 kDKK in 2023. The operating profit was -97 kDKK, while net earnings were -59.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -17 %, which can be considered poor and Return on Equity (ROE) was -18.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 91.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Nord Renewables ApS's liquidity measured by quick ratio was 1.1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.