NORTHERN ATLANTIC FINANCE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About NORTHERN ATLANTIC FINANCE ApS
NORTHERN ATLANTIC FINANCE ApS (CVR number: 87806715) is a company from AALBORG. The company recorded a gross profit of -37 kDKK in 2024. The operating profit was -37 kDKK, while net earnings were 2455 kDKK. The profitability of the company measured by Return on Assets (ROA) was 10 %, which can be considered good and Return on Equity (ROE) was 12.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 48.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. NORTHERN ATLANTIC FINANCE 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -43.00 | -25.00 | -31.00 | -42.00 | -37.00 |
EBIT | -43.00 | -25.00 | -31.00 | -42.00 | -37.00 |
Net earnings | 1 996.00 | 1 884.00 | 1 512.00 | 3 002.00 | 2 455.00 |
Shareholders equity total | 11 925.00 | 13 809.00 | 15 321.00 | 18 321.00 | 20 776.00 |
Balance sheet total (assets) | 33 234.00 | 34 461.00 | 36 505.00 | 39 766.00 | 42 771.00 |
Net debt | 20 309.00 | 19 690.00 | 20 141.00 | 20 572.00 | 21 022.00 |
Profitability | |||||
EBIT-% | |||||
ROA | 10.1 % | 9.3 % | 7.8 % | 11.7 % | 10.0 % |
ROE | 18.3 % | 14.6 % | 10.4 % | 17.8 % | 12.6 % |
ROI | 10.1 % | 9.3 % | 7.8 % | 11.7 % | 10.0 % |
Economic value added (EVA) | 905.02 | 831.83 | 850.08 | 864.48 | 952.20 |
Solvency | |||||
Equity ratio | 35.9 % | 40.1 % | 42.0 % | 46.1 % | 48.6 % |
Gearing | 171.3 % | 143.4 % | 132.8 % | 112.4 % | 101.8 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 |
Current ratio | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 |
Cash and cash equivalents | 124.00 | 118.00 | 204.00 | 27.00 | 125.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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