Garrets International A/S — Credit Rating and Financial Key Figures

Garrets International A/S (CVR number: 10134188) is a company from AALBORG. The company reported a net sales of 729.6 mDKK in 2023, demonstrating a growth of 11.3 % compared to the previous year. The operating profit percentage was at 3.5 % (EBIT: 25.6 mDKK), while net earnings were 18 mDKK. The profitability of the company measured by Return on Assets (ROA) was 12.6 %, which can be considered good but Return on Equity (ROE) was 55.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 10.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Garrets International A/S's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.