SOLAR A/S
Credit rating
Company information
46Wholesale trade, except of motor vehicles and motorcycles
About the company
SOLAR A/S (CVR number: 15908416) is a company from VEJEN. The company reported a net sales of 3356 mDKK in 2018, demonstrating a growth of 1.1 % compared to the previous year. The operating profit percentage was at 5 % (EBIT: 169 mDKK), while net earnings were 133 mDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent but Return on Equity (ROE) was 8.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 50.1 %, 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. SOLAR A/S's liquidity measured by quick ratio was 0.5 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| 2016 | 2017 | 2018 | |
|---|---|---|---|
| Volume | |||
| Net sales | 3 008.00 | 3 321.00 | 3 356.00 |
| Gross profit | 728.00 | 784.00 | 782.00 |
| EBIT | 156.00 | 136.00 | 169.00 |
| Net earnings | 125.00 | 19.00 | 133.00 |
| Shareholders equity total | 1 683.00 | 1 591.00 | 1 638.00 |
| Balance sheet total (assets) | 3 358.00 | 3 346.00 | 3 270.00 |
| Net debt | 525.00 | 658.00 | 527.00 |
| Profitability | |||
| EBIT-% | 5.2 % | 4.1 % | 5.0 % |
| ROA | 5.5 % | 8.7 % | 7.3 % |
| ROE | 7.4 % | 1.2 % | 8.2 % |
| ROI | 7.7 % | 3.4 % | 7.1 % |
| Economic value added (EVA) | 122.72 | 78.78 | 40.03 |
| Solvency | |||
| Equity ratio | 50.1 % | 47.5 % | 50.1 % |
| Gearing | 43.5 % | 41.4 % | 32.2 % |
| Relative net indebtedness % | 48.8 % | 52.8 % | 48.6 % |
| Liquidity | |||
| Quick ratio | 0.8 | 0.6 | 0.5 |
| Current ratio | 1.1 | 1.0 | 1.0 |
| Cash and cash equivalents | 207.00 | ||
| Capital use efficiency | |||
| Trade debtors turnover (days) | 42.5 | 43.1 | 43.1 |
| Net working capital % | 5.3 % | -1.1 % | -1.3 % |
| Credit risk | |||
| Credit rating | A | A | A |
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