SOLAR A/S
Credit rating
Company information
46Wholesale trade, except of motor vehicles and motorcycles
About SOLAR A/S
SOLAR A/S (CVR number: 15908416K) is a company from VEJEN. The company reported a net sales of 13031 mDKK in 2023, demonstrating a decline of -6 % compared to the previous year. The operating profit percentage was at 4.3 % (EBIT: 558 mDKK), while net earnings were 348 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.4 %, which can be considered good but Return on Equity (ROE) was 18 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32.4 %, 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. SOLAR A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 11 679.00 | 11 465.00 | 12 354.00 | 13 863.00 | 13 031.00 |
| Gross profit | 2 353.00 | 2 405.00 | 2 773.00 | 3 245.00 | 2 930.00 |
| EBIT | 260.00 | 248.00 | 672.00 | 909.00 | 558.00 |
| Net earnings | 64.00 | 222.00 | 531.00 | 660.00 | 348.00 |
| Shareholders equity total | 1 592.00 | 1 696.00 | 1 952.00 | 1 931.00 | 1 982.00 |
| Balance sheet total (assets) | 4 990.00 | 4 607.00 | 5 305.00 | 5 901.00 | 6 112.00 |
| Net debt | 577.00 | - 164.00 | - 342.00 | 683.00 | 707.00 |
| Profitability | |||||
| EBIT-% | 2.2 % | 2.2 % | 5.4 % | 6.6 % | 4.3 % |
| ROA | 5.8 % | 5.7 % | 14.3 % | 17.2 % | 10.4 % |
| ROE | 4.0 % | 13.5 % | 29.1 % | 34.0 % | 18.0 % |
| ROI | 11.7 % | 11.3 % | 30.6 % | 34.3 % | 18.4 % |
| Economic value added (EVA) | 94.15 | 101.96 | 499.63 | 628.37 | 319.15 |
| Solvency | |||||
| Equity ratio | 31.9 % | 36.8 % | 36.8 % | 32.7 % | 32.4 % |
| Gearing | 39.8 % | 14.2 % | 7.1 % | 44.0 % | 57.9 % |
| Relative net indebtedness % | 28.6 % | 21.9 % | 23.2 % | 27.4 % | 28.3 % |
| Liquidity | |||||
| Quick ratio | 0.5 | 0.7 | 0.7 | 0.6 | 0.7 |
| Current ratio | 1.1 | 1.4 | 1.3 | 1.3 | 1.3 |
| Cash and cash equivalents | 56.00 | 404.00 | 481.00 | 166.00 | 441.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 44.6 | 40.5 | 44.4 | 48.9 | 46.2 |
| Net working capital % | 2.9 % | 7.5 % | 7.9 % | 7.8 % | 7.7 % |
| Credit risk | |||||
| Credit rating | A | AA | AA | AA | AA |
Variable visualization
Roles
Companies in the same industry
Create your own estimates for any company
Valuation analysis
See instructions
... and more!
No registration needed.