NORDIC SEAFOOD A/S
Credit rating
Company information
About the company
NORDIC SEAFOOD A/S (CVR number: 11142141K) is a company from HJØRRING. The company reported a net sales of 3280.5 mDKK in 2023, demonstrating a decline of -11.4 % compared to the previous year. The operating profit percentage was at 2.6 % (EBIT: 84.3 mDKK), while net earnings were 45.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent but Return on Equity (ROE) was 10.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 33.8 %, 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. NORDIC SEAFOOD A/S'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.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 924.26 | 2 665.84 | 3 174.06 | 3 703.66 | 3 280.45 |
Gross profit | 172.64 | 149.98 | 221.08 | 233.22 | 192.19 |
EBIT | 76.48 | 55.11 | 107.95 | 117.32 | 84.26 |
Net earnings | 53.38 | 39.40 | 80.07 | 82.48 | 45.61 |
Shareholders equity total | 381.58 | 389.69 | 462.05 | 497.02 | 470.03 |
Balance sheet total (assets) | 1 109.02 | 999.46 | 1 240.24 | 1 458.00 | 1 390.33 |
Net debt | 606.55 | 525.03 | |||
Profitability | |||||
EBIT-% | 2.6 % | 2.1 % | 3.4 % | 3.2 % | 2.6 % |
ROA | 6.9 % | 5.2 % | 9.6 % | 9.1 % | 6.3 % |
ROE | 14.4 % | 10.2 % | 18.8 % | 18.1 % | 10.4 % |
ROI | 10.1 % | 13.2 % | 23.7 % | 14.5 % | 7.9 % |
Economic value added (EVA) | 43.48 | 25.61 | 66.53 | 71.81 | 40.91 |
Solvency | |||||
Equity ratio | 34.4 % | 39.0 % | 37.3 % | 34.1 % | 33.8 % |
Gearing | 123.2 % | 118.2 % | |||
Relative net indebtedness % | 24.8 % | 22.8 % | 24.4 % | 25.7 % | 25.6 % |
Liquidity | |||||
Quick ratio | 1.5 | 1.6 | 1.6 | 0.6 | 0.6 |
Current ratio | 1.5 | 1.6 | 1.6 | 1.5 | 1.5 |
Cash and cash equivalents | 5.95 | 30.63 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 50.3 | 51.4 | |||
Net working capital % | 11.7 % | 13.3 % | 13.5 % | 12.2 % | 11.7 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | A | A |
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