Canett Furniture A/S — Credit Rating and Financial Key Figures

Canett Furniture A/S (CVR number: 39781204K) is a company from LEMVIG. The company recorded a gross profit of 4584.6 kDKK in 2020. The operating profit was -2924 kDKK, while net earnings were -2871.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -10.8 %, which can be considered poor and Return on Equity (ROE) was -56.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 19.1 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Canett Furniture A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.