GLOBE FURNITURE HOLDING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GLOBE FURNITURE HOLDING A/S
GLOBE FURNITURE HOLDING A/S (CVR number: 26079330) is a company from AARHUS. The company recorded a gross profit of -10.5 kDKK in 2024. The operating profit was -10.5 kDKK, while net earnings were -932.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.7 %, which can be considered poor and Return on Equity (ROE) was -10.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 96.9 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. GLOBE FURNITURE HOLDING A/S's liquidity measured by quick ratio was 6.4 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -8.00 | -10.50 | |||
EBIT | -8.00 | -10.50 | |||
Net earnings | 2 118.71 | 98.71 | 1 569.92 | 1 007.23 | - 932.31 |
Shareholders equity total | 7 506.88 | 7 105.59 | 8 675.51 | 9 682.75 | 8 750.43 |
Balance sheet total (assets) | 7 732.37 | 7 340.75 | 8 919.60 | 9 946.11 | 9 032.74 |
Net debt | 213.62 | 223.22 | 232.21 | 249.50 | 266.23 |
Profitability | |||||
EBIT-% | |||||
ROA | 31.0 % | 1.5 % | 19.4 % | 10.7 % | -9.7 % |
ROE | 31.9 % | 1.4 % | 19.9 % | 11.0 % | -10.1 % |
ROI | 31.1 % | 1.5 % | 19.4 % | 10.8 % | -9.8 % |
Economic value added (EVA) | - 301.18 | - 387.96 | - 368.28 | - 457.87 | - 507.28 |
Solvency | |||||
Equity ratio | 97.1 % | 96.8 % | 97.3 % | 97.4 % | 96.9 % |
Gearing | 2.8 % | 3.1 % | 2.7 % | 2.6 % | 3.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.0 | 0.0 | 7.2 | 6.8 | 6.4 |
Current ratio | 0.0 | 0.0 | 7.2 | 6.8 | 6.4 |
Cash and cash equivalents | 0.06 | 0.01 | 0.01 | 0.01 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | BBB |
Variable visualization
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