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 117.9 mUSD in 2022, demonstrating a growth of 0.8 % compared to the previous year. The operating profit percentage was at 61.6 % (EBIT: 72.6 mUSD), while net earnings were 66.3 mUSD. The profitability of the company measured by Return on Assets (ROA) was 11.2 %, which can be considered good and Return on Equity (ROE) was 14.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 79.5 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. NORDEN Asset Management A/S's liquidity measured by quick ratio was 4.5 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.