SOLUTE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SOLUTE ApS
SOLUTE ApS (CVR number: 28123655) is a company from HOLSTEBRO. The company recorded a gross profit of 0 kDKK in 2022. The operating profit was 0 kDKK, while net earnings were -99.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -14.2 %, which can be considered poor and Return on Equity (ROE) was -25.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 58.8 %, 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. SOLUTE ApS's liquidity measured by quick ratio was 2.4 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -9.89 | -3.61 | -15.43 | -0.06 | |
| EBIT | -9.89 | -3.61 | -15.43 | -0.06 | |
| Net earnings | -10.99 | -10.91 | -30.63 | 95.37 | -99.43 |
| Shareholders equity total | 722.80 | 711.89 | 462.65 | 445.02 | 345.59 |
| Balance sheet total (assets) | 739.21 | 733.89 | 636.38 | 701.09 | 587.66 |
| Net debt | - 732.59 | - 724.65 | - 450.17 | - 457.45 | - 345.59 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 2.7 % | 1.4 % | 3.7 % | 18.3 % | -14.2 % |
| ROE | -1.5 % | -1.5 % | -5.2 % | 21.0 % | -25.2 % |
| ROI | 2.8 % | 1.4 % | 3.8 % | 18.7 % | -14.4 % |
| Economic value added (EVA) | -44.40 | -2.32 | -11.44 | 7.35 | 12.79 |
| Solvency | |||||
| Equity ratio | 97.8 % | 97.0 % | 72.7 % | 63.5 % | 58.8 % |
| Gearing | 34.5 % | 54.4 % | 70.0 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 45.1 | 33.4 | 3.7 | 2.7 | 2.4 |
| Current ratio | 45.1 | 33.4 | 3.7 | 2.7 | 2.4 |
| Cash and cash equivalents | 732.59 | 724.65 | 609.75 | 699.52 | 587.66 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BB | BBB | BB |
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