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Polar VVS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Polar VVS ApS
Polar VVS ApS (CVR number: 38803697) is a company from HVIDOVRE. The company recorded a gross profit of 2198.4 kDKK in 2024. The operating profit was 343.3 kDKK, while net earnings were -182 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11.9 %, which can be considered good but Return on Equity (ROE) was -11 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -44.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Polar VVS ApS's liquidity measured by quick ratio was 0.5 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 | 1 338.78 | 484.94 | 1 695.02 | 2 425.34 | 2 198.38 |
| EBIT | - 697.40 | -1 244.69 | - 121.93 | 1 017.73 | 343.26 |
| Net earnings | - 750.85 | -1 036.19 | - 281.46 | 627.31 | - 182.00 |
| Shareholders equity total | - 363.95 | -1 400.13 | -1 795.99 | -1 167.00 | -1 349.00 |
| Balance sheet total (assets) | 1 243.61 | 542.88 | 566.21 | 1 589.50 | 1 708.41 |
| Net debt | - 588.12 | -38.35 | 17.90 | - 661.38 | - 498.17 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -52.2 % | -70.1 % | -5.9 % | 39.9 % | 11.9 % |
| ROE | -93.4 % | -116.0 % | -50.8 % | 58.2 % | -11.0 % |
| ROI | -374.8 % | -5245.2 % | -292.7 % | 2318.6 % | 773.0 % |
| Economic value added (EVA) | - 761.38 | - 983.71 | -48.26 | 826.72 | 300.11 |
| Solvency | |||||
| Equity ratio | -22.6 % | -72.1 % | -76.0 % | -42.3 % | -44.1 % |
| Gearing | -2.7 % | -2.0 % | -3.0 % | -2.6 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 0.7 | 0.2 | 0.2 | 0.5 | 0.5 |
| Current ratio | 0.7 | 0.2 | 0.2 | 0.5 | 0.5 |
| Cash and cash equivalents | 588.12 | 76.35 | 18.60 | 696.38 | 532.67 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | C | C | C | B | C |
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