Nordic Wet Rooms ApS — Credit Rating and Financial Key Figures

Nordic Wet Rooms ApS (CVR number: 38199544) is a company from FREDERIKSSUND. The company recorded a gross profit of 35.4 kDKK in 2019. The operating profit was 33.1 kDKK, while net earnings were 39.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak but Return on Equity (ROE) was 7.2 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 5.6 %, 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 Wet Rooms ApS's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.