ABSALON advokat-A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ABSALON advokat-A/S
ABSALON advokat-A/S (CVR number: 31880890) is a company from RUDERSDAL. The company reported a net sales of 0.7 mDKK in 2023, demonstrating a growth of 91.1 % compared to the previous year. The operating profit percentage was at 17.1 % (EBIT: 0.1 mDKK), while net earnings were 106.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent and Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 86.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. ABSALON advokat-A/S's liquidity measured by quick ratio was 7.6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 896.14 | 702.74 | 896.63 | 342.08 | 653.68 |
Gross profit | 764.37 | 636.78 | 826.14 | 283.26 | 574.09 |
EBIT | 243.77 | 93.38 | 306.51 | -81.25 | 111.96 |
Net earnings | 193.46 | 71.49 | 237.31 | -84.73 | 106.27 |
Shareholders equity total | 1 136.98 | 1 208.47 | 1 445.78 | 1 311.06 | 1 367.26 |
Balance sheet total (assets) | 1 538.81 | 1 710.97 | 1 776.82 | 1 649.09 | 1 575.08 |
Net debt | - 234.06 | 58.80 | 4.45 | - 119.34 | -33.83 |
Profitability | |||||
EBIT-% | 27.2 % | 13.3 % | 34.2 % | -23.8 % | 17.1 % |
ROA | 17.1 % | 5.7 % | 17.6 % | -4.7 % | 7.0 % |
ROE | 18.6 % | 6.1 % | 17.9 % | -6.1 % | 7.9 % |
ROI | 23.5 % | 7.6 % | 21.5 % | -5.6 % | 8.1 % |
Economic value added (EVA) | 178.36 | 27.07 | 180.48 | - 149.93 | 49.28 |
Solvency | |||||
Equity ratio | 73.9 % | 70.6 % | 81.4 % | 79.5 % | 86.8 % |
Gearing | 9.6 % | 5.8 % | 6.1 % | 2.3 % | |
Relative net indebtedness % | 18.7 % | 63.4 % | 28.1 % | 40.5 % | 21.8 % |
Liquidity | |||||
Quick ratio | 3.8 | 3.4 | 5.4 | 4.9 | 7.6 |
Current ratio | 3.8 | 3.4 | 5.4 | 4.9 | 7.6 |
Cash and cash equivalents | 234.06 | 57.26 | 78.93 | 199.34 | 65.03 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 183.1 | 191.7 | 227.9 | 231.1 | |
Net working capital % | 126.9 % | 172.0 % | 161.2 % | 383.3 % | 209.2 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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