Nørvang ApS — Credit Rating and Financial Key Figures

Nørvang ApS (CVR number: 44145197) is a company from VARDE. The company recorded a gross profit of 875.2 kDKK in 2023. The operating profit was 59.5 kDKK, while net earnings were -230.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.3 %, which can be considered weak but Return on Equity (ROE) was -2.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49.1 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Nørvang ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.