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GARN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About GARN ApS
GARN ApS (CVR number: 35379401) is a company from KØBENHAVN. The company recorded a gross profit of 524.5 kDKK in 2024. The operating profit was -184.5 kDKK, while net earnings were -111 kDKK. The profitability of the company measured by Return on Assets (ROA) was -27.3 %, which can be considered poor and Return on Equity (ROE) was -24.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 47.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. GARN ApS's liquidity measured by quick ratio was 1.9 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 808.57 | 994.83 | 695.21 | 931.26 | 524.52 |
| EBIT | -19.36 | 164.27 | - 146.08 | 116.24 | - 184.50 |
| Net earnings | -12.88 | 118.10 | - 115.55 | 31.12 | - 111.04 |
| Shareholders equity total | 669.42 | 787.52 | 671.98 | 703.10 | 192.06 |
| Balance sheet total (assets) | 1 315.66 | 1 133.21 | 914.37 | 949.17 | 403.57 |
| Net debt | - 679.26 | - 623.65 | - 221.07 | - 289.25 | - 181.61 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -1.5 % | 13.7 % | -14.3 % | 12.5 % | -27.3 % |
| ROE | -1.9 % | 16.2 % | -15.8 % | 4.5 % | -24.8 % |
| ROI | -2.6 % | 21.7 % | -19.4 % | 16.4 % | -38.7 % |
| Economic value added (EVA) | -46.62 | 87.34 | - 154.89 | 47.66 | - 145.99 |
| Solvency | |||||
| Equity ratio | 50.9 % | 69.5 % | 73.5 % | 74.1 % | 47.6 % |
| Gearing | 3.3 % | 2.8 % | 3.3 % | 2.7 % | 21.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.0 | 3.3 | 3.7 | 4.3 | 1.9 |
| Current ratio | 2.1 | 3.3 | 3.8 | 4.4 | 1.9 |
| Cash and cash equivalents | 701.46 | 645.74 | 243.16 | 308.34 | 221.99 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BB |
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