Nordic Ground IVS — Credit Rating and Financial Key Figures

Nordic Ground IVS (CVR number: 40371761) is a company from FAABORG-MIDTFYN. The company recorded a gross profit of 0.6 kDKK in 2020. The operating profit was -1.6 kDKK, while net earnings were -1.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -5 %, which can be considered poor and Return on Equity (ROE) was -5.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Nordic Ground IVS's liquidity measured by quick ratio was 191 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.