Nordic Solar A/S — Credit Rating and Financial Key Figures

Nordic Solar A/S (CVR number: 33367023K) is a company from GENTOFTE. The company reported a net sales of 49.2 mEUR in 2024, demonstrating a decline of -16.5 % compared to the previous year. The operating profit percentage was poor at -26.7 % (EBIT: -13.2 mEUR), while net earnings were -30.1 mEUR. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -9.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.2 %, 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 Solar A/S's liquidity measured by quick ratio was 1.2 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.