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

Brave Solar A/S (CVR number: 38780727) is a company from FAXE. The company reported a net sales of 18.2 mDKK in 2023, demonstrating a decline of -98.2 % compared to the previous year. The operating profit percentage was poor at -212.2 % (EBIT: -38.5 mDKK), while net earnings were -41.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -10.7 %, which can be considered poor and Return on Equity (ROE) was -36.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 37.5 %, 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. Brave Solar A/S's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.