SØLVSTEN BILER A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SØLVSTEN BILER A/S
SØLVSTEN BILER A/S (CVR number: 27365698) is a company from VIBORG. The company recorded a gross profit of 39.3 mDKK in 2024. The operating profit was -5652.9 kDKK, while net earnings were -6844.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -4.3 %, which can be considered poor and Return on Equity (ROE) was -25.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.4 %, 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. SØLVSTEN BILER A/S's liquidity measured by quick ratio was 0.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 32 799.03 | 35 350.69 | 40 665.40 | 39 307.39 | 39 267.72 |
EBIT | 4 710.19 | 5 386.30 | 6 536.82 | -5 476.19 | -5 652.94 |
Net earnings | 2 299.15 | 3 405.16 | 4 409.65 | -6 646.49 | -6 844.05 |
Shareholders equity total | 32 570.14 | 35 975.30 | 40 384.95 | 30 738.47 | 23 894.41 |
Balance sheet total (assets) | 86 906.06 | 86 792.69 | 106 630.88 | 133 310.99 | 90 339.84 |
Net debt | 26 788.70 | 19 661.48 | 44 247.98 | 77 007.48 | 48 686.67 |
Profitability | |||||
EBIT-% | |||||
ROA | 5.9 % | 6.5 % | 7.0 % | -3.8 % | -4.3 % |
ROE | 7.3 % | 9.9 % | 11.5 % | -18.7 % | -25.1 % |
ROI | 7.0 % | 8.3 % | 8.6 % | -4.5 % | -5.1 % |
Economic value added (EVA) | 2 123.86 | 2 548.41 | 3 255.48 | -6 325.50 | -5 964.46 |
Solvency | |||||
Equity ratio | 37.9 % | 42.7 % | 38.1 % | 23.1 % | 26.4 % |
Gearing | 82.4 % | 54.8 % | 109.6 % | 251.1 % | 204.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.7 | 0.6 | 0.6 | 0.6 | 0.8 |
Current ratio | 1.4 | 1.5 | 1.4 | 1.2 | 1.2 |
Cash and cash equivalents | 47.99 | 62.25 | 10.55 | 176.47 | 52.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | BBB | BBB |
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