GARMIN NORDIC DENMARK A/S

GARMIN NORDIC DENMARK A/S (CVR number: 11363881) is a company from ALLERØD. The company reported a net sales of 1150.5 mDKK in 2023, demonstrating a growth of 3.3 % compared to the previous year. The operating profit percentage was at 2.7 % (EBIT: 30.7 mDKK), while net earnings were 24.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.8 %, which can be considered decent but Return on Equity (ROE) was 16.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 35.7 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. GARMIN NORDIC DENMARK A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.