Grove Corporation IVS

Grove Corporation IVS (CVR number: 38298178) is a company from IKAST-BRANDE. The company reported a net sales of 3.5 mDKK in 2019, demonstrating a growth of -358.3 % compared to the previous year. The operating profit percentage was at 75.2 % (EBIT: 2.6 mDKK), while net earnings were 2640.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 96.3 %, which can be considered excellent and Return on Equity (ROE) was 148.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 78.2 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Grove Corporation IVS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.