GARMAS ApS — Credit Rating and Financial Key Figures

CVR number: 35863990
Solrød Byvej 38 B, 2680 Solrød Strand
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Company information

Official name
GARMAS ApS
Established
2014
Company form
Private limited company
Industry

About GARMAS ApS

GARMAS ApS (CVR number: 35863990) is a company from SOLRØD. The company recorded a gross profit of 251.6 kDKK in 2023. The operating profit was 251.6 kDKK, while net earnings were 190.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 45.6 %, which can be considered excellent and Return on Equity (ROE) was 37 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 91 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. GARMAS ApS's liquidity measured by quick ratio was 7.9 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales149.86234.45
Gross profit45.0187.78156.82156.22251.59
EBIT45.0187.78156.82156.22251.59
Net earnings37.6975.24123.93123.22190.78
Shareholders equity total98.04173.28297.21420.44611.22
Balance sheet total (assets)153.34197.95305.95432.43671.58
Net debt-41.53- 117.17- 176.34- 268.38- 475.01
Profitability
EBIT-%30.0 %37.4 %
ROA28.5 %50.0 %62.2 %42.3 %45.6 %
ROE47.8 %55.5 %52.7 %34.3 %37.0 %
ROI29.2 %54.5 %66.7 %43.5 %48.7 %
Economic value added (EVA)40.4475.87124.16119.92183.31
Solvency
Equity ratio63.9 %87.5 %97.1 %97.2 %91.0 %
Gearing51.7 %0.4 %
Relative net indebtedness %-24.7 %-39.5 %
Liquidity
Quick ratio1.74.820.222.67.9
Current ratio2.88.035.036.111.1
Cash and cash equivalents92.27117.17176.34268.38477.34
Capital use efficiency
Trade debtors turnover (days)2.30.2
Net working capital %65.4 %73.9 %
Credit risk
Credit ratingBBBBBBBBBB

Variable visualization

ROA:45.6%
Rating: 92/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:91.0%
Rating: 71/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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