Nordic Car Group ApS

Nordic Car Group ApS (CVR number: 40210261) is a company from HERNING. The company reported a net sales of 0.6 mDKK in 2023, demonstrating a growth of 31.3 % compared to the previous year. The operating profit percentage was at 7.8 % (EBIT: 0 mDKK), while net earnings were 48.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.7 %, which can be considered weak but Return on Equity (ROE) was 6.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 0.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Nordic Car Group ApS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.