MG Solar ApS — Credit Rating and Financial Key Figures

CVR number: 39853787
Frederiksborgvej 399, Himmelev 4000 Roskilde
tel: 26166687

Credit rating

Company information

Official name
MG Solar ApS
Personnel
1 person
Established
2018
Domicile
Himmelev
Company form
Private limited company
Industry
  • Expand more icon27Manufacture of electrical equipment

About MG Solar ApS

MG Solar ApS (CVR number: 39853787) is a company from ROSKILDE. The company recorded a gross profit of 522.4 kDKK in 2023. The operating profit was 129.7 kDKK, while net earnings were 99.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.8 %, which can be considered excellent and Return on Equity (ROE) was 41.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. MG Solar ApS's liquidity measured by quick ratio was 1.6 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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit211.37263.86473.17575.64522.35
EBIT6.67130.38145.2892.42129.66
Net earnings2.3890.14115.6356.7499.36
Shareholders equity total12.38102.53218.15217.69258.14
Balance sheet total (assets)41.001 025.40562.39359.00545.23
Net debt-11.15- 949.87- 250.96- 112.51- 271.93
Profitability
EBIT-%
ROA16.3 %24.5 %19.3 %20.1 %28.8 %
ROE19.2 %156.9 %72.1 %26.0 %41.8 %
ROI53.9 %210.0 %91.4 %41.4 %50.8 %
Economic value added (EVA)6.6797.30157.2070.2094.84
Solvency
Equity ratio30.2 %28.4 %38.8 %60.6 %47.3 %
Gearing4.5 %1.1 %1.1 %
Relative net indebtedness %
Liquidity
Quick ratio0.54.01.61.31.6
Current ratio0.51.11.61.31.6
Cash and cash equivalents11.15954.52253.30114.84271.93
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:28.8%
Rating: 83/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.3%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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