GF IT A/S — Credit Rating and Financial Key Figures

CVR number: 31333563
Jernbanevej 65, Tarup 5210 Odense NV

Credit rating

Company information

Official name
GF IT A/S
Established
2008
Domicile
Tarup
Company form
Limited company
Industry
  • Expand more icon629000

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales18 209.003 314.003 364.0033 712.003 336.00
Gross profit15 183.00210.00217.00238.0054.00
EBIT-1 706.00210.00217.00238.0054.00
Net earnings-1 876.0014.00-10.00133.00540.00
Shareholders equity total31 448.0031 462.0031 452.0031 585.0032 125.00
Balance sheet total (assets)34 700.0031 499.0034 471.0077 675.0081 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)-1 312.09158.25-5.38-80.16-10.82
Solvency
Equity ratio90.6 %99.9 %91.2 %40.7 %39.5 %
Gearing8.8 %
Relative net indebtedness %-155.2 %-844.8 %-688.3 %-90.2 %-831.0 %
Liquidity
Quick ratio10.7851.311.4652.7327.0
Current ratio10.7851.311.4652.7327.0
Cash and cash equivalents31 518.0028 033.0026 173.0030 531.0027 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 ratingBBBBBBBBBB

Variable visualization

ROA:0.87%
Rating: 24/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:39.5%
Rating: 33/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

Companies in the same industry

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