Nordic Flanges Group AB (publ)

Stockholm Stock Exchange NFGAB.ST

Nordic Flanges Group AB (publ) Debt to Equity Ratio for the year ending December 31, 2023: 2.51

Nordic Flanges Group AB (publ) Debt to Equity Ratio is 2.51 for the year ending December 31, 2023, a 76.68% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Nordic Flanges Group AB (publ) Debt to Equity Ratio for the year ending December 31, 2022 was 1.42, a -18.18% change year over year.
Nordic Flanges Group AB (publ) Debt to Equity Ratio for the year ending December 31, 2021 was 1.74, a 95.66% change year over year.
Nordic Flanges Group AB (publ) Debt to Equity Ratio for the year ending December 31, 2020 was 0.89, a 1.42% change year over year.
Nordic Flanges Group AB (publ) Debt to Equity Ratio for the year ending December 31, 2019 was 0.87, a 156.22% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Stockholm Stock Exchange: NFGAB.ST

Nordic Flanges Group AB (publ)

CEO	Mr. Frederik Daublebsky Von Sterneck
IPO Date	Oct. 22, 2007
Location	Sweden
Headquarters	Herkulesgatan 14
Employees	93
Sector	Materials
Industries Metals Petrochemicals Steel

Description

Nordic Flanges Group AB (publ) produces and sells industrial flanges in Sweden, rest of the Nordic region, and internationally. The company provides flange solutions and forged products in stainless steel, aluminum, and carbon steel. It offers stock flanges, collars, welding rings, and loose flanges, as well as special flanges and customer-specific products. The company was formerly known as Vinovo AB (publ) and changed its name to Nordic Flanges Group AB (publ) in March 2015. Nordic Flanges Group AB (publ) was founded in 1970 and is headquartered in Stockholm, Sweden.

Key trends

Past 5 years