GF INVECO A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GF INVECO A/S
GF INVECO A/S (CVR number: 20608390K) is a company from AALBORG. The company reported a net sales of 435.4 mDKK in 2023, demonstrating a decline of -1.4 % compared to the previous year. The operating profit percentage was at 13.5 % (EBIT: 58.7 mDKK), while net earnings were 49.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was 17.8 %, which can be considered excellent and Return on Equity (ROE) was 24.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.9 %, 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. GF INVECO A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 399.12 | 375.71 | 389.20 | 441.56 | 435.44 |
Gross profit | 72.65 | 80.21 | 81.10 | 121.42 | 125.95 |
EBIT | 17.90 | 27.16 | 23.32 | 50.03 | 58.70 |
Net earnings | 9.24 | 21.13 | 19.99 | 39.88 | 49.36 |
Shareholders equity total | 146.85 | 155.11 | 177.12 | 203.67 | 224.10 |
Balance sheet total (assets) | 331.08 | 298.43 | 327.29 | 363.46 | 423.58 |
Net debt | 45.16 | 51.57 | |||
Profitability | |||||
EBIT-% | 4.5 % | 7.2 % | 6.0 % | 11.3 % | 13.5 % |
ROA | 5.3 % | 8.6 % | 7.5 % | 16.0 % | 17.8 % |
ROE | 6.3 % | 14.0 % | 12.0 % | 21.5 % | 24.1 % |
ROI | 5.3 % | 8.6 % | 7.5 % | 17.7 % | 21.8 % |
Economic value added (EVA) | 10.50 | 19.78 | 15.53 | 30.24 | 36.86 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 56.0 % | 52.9 % |
Gearing | 43.1 % | 49.3 % | |||
Relative net indebtedness % | 25.9 % | 31.1 % | |||
Liquidity | |||||
Quick ratio | 1.0 | 1.2 | |||
Current ratio | 1.9 | 1.9 | |||
Cash and cash equivalents | 42.54 | 59.00 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 59.9 | 70.8 | |||
Net working capital % | 22.1 % | 25.9 % | |||
Credit risk | |||||
Credit rating | A | A | A | AAA | AAA |
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