GRIT A/S — Credit Rating and Financial Key Figures

CVR number: 16218677
Lykkegårdsvej 1, 4000 Roskilde
gritl@grit.dk
tel: 75872333

Credit rating

Company information

Official name
GRIT A/S
Established
1992
Company form
Limited company
Industry
  • Expand more icon28Manufacture of machinery and equipment n.e.c.

About GRIT A/S

GRIT A/S (CVR number: 16218677) is a company from ROSKILDE. The company recorded a gross profit of 8435.9 kDKK in 2017. The operating profit was 2141.2 kDKK, while net earnings were 1020 kDKK. 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 7.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 73 %, 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. GRIT A/S's liquidity measured by quick ratio was 2.3 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
20162017
Volume
Net sales
Gross profit7 497.348 435.94
EBIT2 801.052 141.22
Net earnings2 151.911 020.05
Shareholders equity total14 585.6212 631.13
Balance sheet total (assets)16 757.3117 299.17
Net debt-6 325.31-8 848.11
Profitability
EBIT-%
ROA16.7 %12.6 %
ROE14.8 %7.5 %
ROI18.5 %15.2 %
Economic value added (EVA)2 183.311 126.48
Solvency
Equity ratio87.0 %73.0 %
Gearing2.9 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio3.92.3
Current ratio6.93.5
Cash and cash equivalents6 748.998 853.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAA

Variable visualization

ROA:12.6%
Rating: 62/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:73.0%
Rating: 55/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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