GARMIN NORDIC DENMARK A/S — Credit Rating and Financial Key Figures

GARMIN NORDIC DENMARK A/S (CVR number: 11363881) is a company from ALLERØD. The company reported a net sales of 1345.3 mDKK in 2024, demonstrating a growth of 16.9 % compared to the previous year. The operating profit percentage was at 3 % (EBIT: 40.9 mDKK), while net earnings were 33.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.6 %, which can be considered good but Return on Equity (ROE) was 18.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 44 %, 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. GARMIN NORDIC DENMARK A/S's liquidity measured by quick ratio was 1.1 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.