Smart Software ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Smart Software ApS
Smart Software ApS (CVR number: 42570052) is a company from ODENSE. The company recorded a gross profit of 803.6 kDKK in 2024. The operating profit was -50.8 kDKK, while net earnings were -83.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.5 %, which can be considered poor and Return on Equity (ROE) was -32.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.5 %, 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. Smart Software ApS's liquidity measured by quick ratio was 1.5 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2022 | 2023 | 2024 | |
|---|---|---|---|
| Volume | |||
| Net sales | 982.25 | ||
| Gross profit | 916.20 | 1 208.89 | 803.56 |
| EBIT | 357.23 | 323.21 | -50.81 |
| Net earnings | 278.02 | 252.30 | -83.33 |
| Shareholders equity total | 318.02 | 345.10 | 162.44 |
| Balance sheet total (assets) | 567.60 | 830.82 | 499.56 |
| Net debt | - 567.60 | - 830.82 | - 491.50 |
| Profitability | |||
| EBIT-% | 36.4 % | ||
| ROA | 62.9 % | 46.3 % | -7.5 % |
| ROE | 87.4 % | 76.1 % | -32.8 % |
| ROI | 112.3 % | 97.6 % | -19.4 % |
| Economic value added (EVA) | 278.64 | 236.12 | -88.46 |
| Solvency | |||
| Equity ratio | 56.0 % | 41.5 % | 32.5 % |
| Gearing | 5.0 % | ||
| Relative net indebtedness % | -32.4 % | ||
| Liquidity | |||
| Quick ratio | 3.2 | 1.7 | 1.5 |
| Current ratio | 3.2 | 1.7 | 1.5 |
| Cash and cash equivalents | 567.60 | 830.82 | 499.56 |
| Capital use efficiency | |||
| Trade debtors turnover (days) | |||
| Net working capital % | 39.9 % | ||
| Credit risk | |||
| Credit rating | BBB | BB | BB |
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