Palsgaard Solar A/S — Credit Rating and Financial Key Figures

Palsgaard Solar A/S (CVR number: 36729465) is a company from HEDENSTED. The company recorded a gross profit of -5 kDKK in 2023. The operating profit was -5 kDKK, while net earnings were -307 kDKK. The profitability of the company measured by Return on Assets (ROA) was -11.6 %, which can be considered poor and Return on Equity (ROE) was -21.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Palsgaard Solar A/S's liquidity measured by quick ratio was 275.2 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.