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

Canett Furniture A/S (CVR number: 39781204) is a company from LEMVIG. The company recorded a gross profit of 5089.7 kDKK in 2022. The operating profit was -2451.3 kDKK, while net earnings were -2982.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.3 %, which can be considered poor and Return on Equity (ROE) was -24.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38 %, 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. Canett Furniture A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.