NORDEN Asset Management A/S

NORDEN Asset Management A/S (CVR number: 41058749) is a company from GENTOFTE. The company reported a net sales of 95.5 mUSD in 2023, demonstrating a decline of -19 % compared to the previous year. The operating profit percentage was at 97.7 % (EBIT: 93.3 mUSD), while net earnings were 97.2 mUSD. The profitability of the company measured by Return on Assets (ROA) was 16.7 %, which can be considered excellent and Return on Equity (ROE) was 17.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 96.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. NORDEN Asset Management A/S's liquidity measured by quick ratio was 8.5 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.