Advent Technologies A/S — Credit Rating and Financial Key Figures

Advent Technologies A/S (CVR number: 29616647K) is a company from AALBORG. The company recorded a gross profit of 46.2 mDKK in 2019. The operating profit was 10.4 mDKK, while net earnings were 12.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9 %, which can be considered good and Return on Equity (ROE) was 8.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at -24.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Advent Technologies A/S's liquidity measured by quick ratio was 2.2 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.