GARTEX A/S

CVR number: 21551449
Vesterballevej 10, Snoghøj 7000 Fredericia
info@gartex.dk
tel: 76240666

Credit rating

Company information

Official name
GARTEX A/S
Personnel
6 persons
Established
1999
Domicile
Snoghøj
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About GARTEX A/S

GARTEX A/S (CVR number: 21551449) is a company from FREDERICIA. The company recorded a gross profit of 1275.6 kDKK in 2023. The operating profit was -1436.7 kDKK, while net earnings were -1874.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -19 %, which can be considered poor and Return on Equity (ROE) was -168.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 30.6 %, 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. GARTEX A/S's liquidity measured by quick ratio was 0.3 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit3 336.654 517.754 952.842 165.001 275.63
EBIT-1 704.52271.071 210.63-1 644.00-1 436.66
Net earnings-1 396.37152.30903.98-1 750.00-1 874.62
Shareholders equity total742.96895.261 799.2449.002 174.44
Balance sheet total (assets)7 392.057 674.327 412.077 945.007 116.20
Net debt5 722.414 809.894 383.617 141.004 313.95
Profitability
EBIT-%
ROA-22.3 %3.9 %16.6 %-21.1 %-19.0 %
ROE-96.9 %18.6 %67.1 %-189.4 %-168.6 %
ROI-25.9 %4.7 %20.7 %-24.1 %-20.7 %
Economic value added (EVA)-1 426.09172.17905.45-1 736.46-1 602.79
Solvency
Equity ratio10.1 %11.7 %24.3 %0.6 %30.6 %
Gearing770.3 %555.6 %246.6 %14642.9 %202.0 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.50.40.20.3
Current ratio1.11.21.31.01.4
Cash and cash equivalents0.70163.7353.0334.0077.69
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:-19.0%
Rating: 1/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:30.6%
Rating: 27/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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