GF IT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GF IT A/S
GF IT A/S (CVR number: 31333563) is a company from ODENSE. The company reported a net sales of 3.3 mDKK in 2023, demonstrating a decline of -90.1 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 0.1 mDKK), while net earnings were 540 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.9 %, which can be considered weak and Return on Equity (ROE) was 1.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 39.5 %, 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. GF IT A/S's liquidity measured by quick ratio was 327 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 18 209.00 | 3 314.00 | 3 364.00 | 33 712.00 | 3 336.00 |
Gross profit | 15 183.00 | 210.00 | 217.00 | 238.00 | 54.00 |
EBIT | -1 706.00 | 210.00 | 217.00 | 238.00 | 54.00 |
Net earnings | -1 876.00 | 14.00 | -10.00 | 133.00 | 540.00 |
Shareholders equity total | 31 448.00 | 31 462.00 | 31 452.00 | 31 585.00 | 32 125.00 |
Balance sheet total (assets) | 34 700.00 | 31 499.00 | 34 471.00 | 77 675.00 | 81 420.00 |
Net debt | -31 518.00 | -28 033.00 | -23 397.00 | -30 531.00 | -27 970.00 |
Profitability | |||||
EBIT-% | -9.4 % | 6.3 % | 6.5 % | 0.7 % | 1.6 % |
ROA | -3.6 % | 0.6 % | 0.7 % | 0.6 % | 0.9 % |
ROE | -5.8 % | 0.0 % | -0.0 % | 0.4 % | 1.7 % |
ROI | -5.0 % | 0.7 % | 0.7 % | 0.6 % | 0.9 % |
Economic value added (EVA) | -1 312.09 | 158.25 | -5.38 | -80.16 | -10.82 |
Solvency | |||||
Equity ratio | 90.6 % | 99.9 % | 91.2 % | 40.7 % | 39.5 % |
Gearing | 8.8 % | ||||
Relative net indebtedness % | -155.2 % | -844.8 % | -688.3 % | -90.2 % | -831.0 % |
Liquidity | |||||
Quick ratio | 10.7 | 851.3 | 11.4 | 652.7 | 327.0 |
Current ratio | 10.7 | 851.3 | 11.4 | 652.7 | 327.0 |
Cash and cash equivalents | 31 518.00 | 28 033.00 | 26 173.00 | 30 531.00 | 27 970.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 172.7 % | 949.4 % | 935.0 % | 230.1 % | 2433.2 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BB |
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