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NorthBuild_FY2024_Annual_Report.pdf
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NorthBuild_FY2024_Annual_Report.pdf
Reading financial statement
Calculating liquidity ratios
Assessing leverage position
Evaluating profitability trend
Compiling pre-qualification read
Financial Health · Vendor
NorthBuild Construction Oy
Period: FY2024Currency: EUR
Healthy·8/10
NorthBuild presents a solid pre-qualification profile for mid-cap construction packages.
Liquidity, leverage, and profitability all sit within healthy ranges, with margins trending favourably.
Retention aging and client concentration warrant clarification in tender Q&A but are not blockers to bid invitation.
Key metrics
Liquidity
Current ratio1.84
Quick ratio1.42
Comfortable working capital position with healthy quick liquidity.
Leverage
Debt / Equity0.62
Interest coverage5.8x
Conservative leverage with strong debt servicing capacity.
Profitability
Operating margin7.2%
Net margin5.4%
Improving
Margins above sector median and trending upward year-on-year.
Flags
+
Clean unqualified auditor opinion from KPMG with no going-concern issues raised.
+
Working capital improved 12% year-on-year, supporting capacity for larger project commitments.
·
Top three clients represent 41% of revenue, indicating moderate client concentration.
!
Retention receivables aging — 18% over 180 days warrants follow-up in clarification round.