NORDICON A/S
Credit rating
Company information
About NORDICON A/S
NORDICON A/S (CVR number: 13777942) is a company from RANDERS. The company recorded a gross profit of 6449.7 kDKK in 2023. The operating profit was -1619.1 kDKK, while net earnings were -1495.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.2 %, which can be considered poor and Return on Equity (ROE) was -17.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. NORDICON A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3 708.37 | 4 991.71 | 11 455.37 | 12 669.00 | 6 449.68 |
EBIT | 667.56 | 1 943.65 | 6 090.80 | 4 900.00 | -1 619.07 |
Net earnings | 514.37 | 1 504.40 | 4 661.09 | 3 758.00 | -1 495.52 |
Shareholders equity total | - 413.12 | 1 091.28 | 5 452.37 | 9 211.00 | 7 714.48 |
Balance sheet total (assets) | 6 706.86 | 10 541.70 | 44 320.50 | 24 900.00 | 20 875.63 |
Net debt | 680.10 | - 487.08 | 10 997.52 | 8 143.00 | 6 086.51 |
Profitability | |||||
EBIT-% | |||||
ROA | 10.2 % | 22.1 % | 22.4 % | 14.9 % | -7.2 % |
ROE | 8.4 % | 38.6 % | 142.5 % | 51.3 % | -17.7 % |
ROI | 59.0 % | 161.5 % | 58.7 % | 26.1 % | -9.5 % |
Economic value added (EVA) | 562.25 | 1 543.70 | 4 700.03 | 3 689.03 | -1 636.28 |
Solvency | |||||
Equity ratio | -5.8 % | 10.4 % | 12.3 % | 37.0 % | 37.0 % |
Gearing | -220.0 % | 253.5 % | 108.6 % | 90.7 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.9 | 1.1 | 0.8 | 0.8 | 0.8 |
Current ratio | 0.9 | 1.1 | 0.8 | 0.8 | 0.8 |
Cash and cash equivalents | 228.70 | 487.08 | 2 822.89 | 1 857.00 | 913.49 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | BBB | A | BBB |
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