SMITH KNUDSEN ADVOKATAKTIESELSKAB — Credit Rating and Financial Key Figures

SMITH KNUDSEN ADVOKATAKTIESELSKAB (CVR number: 26773709) is a company from STRUER. The company recorded a gross profit of 8910.5 kDKK in 2023. The operating profit was 908.6 kDKK, while net earnings were 281.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.8 %, which can be considered decent but Return on Equity (ROE) was 11.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 17.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. SMITH KNUDSEN ADVOKATAKTIESELSKAB's liquidity measured by quick ratio was 1.5 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.