Skandinavisk Musikk Engros Distribusjon ApS — Credit Rating and Financial Key Figures

Skandinavisk Musikk Engros Distribusjon ApS (CVR number: 39464632) is a company from NORDFYNS. The company recorded a gross profit of 371.5 kDKK in 2018. The operating profit was 371.5 kDKK, while net earnings were 284.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 48.4 %, which can be considered excellent and Return on Equity (ROE) was 85.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 43.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Skandinavisk Musikk Engros Distribusjon ApS's liquidity measured by quick ratio was 1.3 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.