Solartag ApS — Credit Rating and Financial Key Figures

Solartag ApS (CVR number: 40262687) is a company from ISHØJ. The company recorded a gross profit of 5240.4 kDKK in 2023. The operating profit was -5116.9 kDKK, while net earnings were -4022.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -24.8 %, which can be considered poor and Return on Equity (ROE) was -57.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 33.4 %, 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. Solartag ApS'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.