• Sat. Jul 13th, 2024

Carrefour Stock: E-Commerce Growth Continues To Impress (OTCPK:CRRFY)

Carrefour Stock: E-Commerce Growth Continues To Impress (OTCPK:CRRFY)

The main entrance to a Carrefour mall in Italy

Cristian Storto Fotografia

Investment Thesis: Carrefour SA could see further growth going forward, on the basis of continually strong growth in e-commerce sales.

In a previous article back in February, I made the argument that Carrefour SA (OTCPK:CRRFY

Dec 2021 Dec 2022
Total current assets 17785 23884
Inventories 5858 6893
Prepaid expenses 476 419
Current liabilities 22150 26907
Quick ratio 0.52 0.62

Dec 2021 Dec 2022
Borrowings – portion more than one year 5491 6912
Total assets 47668 56551
Long-term borrowings to assets ratio 11.52% 12.22%