SOLGAARDEN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SOLGAARDEN ApS
SOLGAARDEN ApS (CVR number: 35801820) is a company from IKAST-BRANDE. The company reported a net sales of 0.3 mDKK in 2024, demonstrating a growth of 3.6 % compared to the previous year. The operating profit percentage was at 48.4 % (EBIT: 0.2 mDKK), while net earnings were -130.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.7 %, which can be considered weak but Return on Equity (ROE) was -6.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 35.1 %, 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. SOLGAARDEN ApS's liquidity measured by quick ratio was 7.4 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 109.54 | 689.68 | 358.58 | 313.75 | 324.97 |
Gross profit | 607.02 | 2 463.96 | 464.64 | 189.64 | 217.79 |
EBIT | 455.85 | 2 358.05 | 397.57 | 129.08 | 157.24 |
Net earnings | 144.01 | 1 718.83 | 112.53 | - 159.41 | - 130.66 |
Shareholders equity total | 521.64 | 2 240.47 | 2 353.00 | 2 193.59 | 2 062.93 |
Balance sheet total (assets) | 11 855.60 | 8 648.86 | 8 707.08 | 5 768.81 | 5 874.15 |
Net debt | 10 534.98 | 3 399.67 | 3 082.54 | 3 284.48 | 3 413.51 |
Profitability | |||||
EBIT-% | 41.1 % | 341.9 % | 110.9 % | 41.1 % | 48.4 % |
ROA | 3.9 % | 23.0 % | 4.6 % | 1.8 % | 2.7 % |
ROE | 32.0 % | 124.5 % | 4.9 % | -7.0 % | -6.1 % |
ROI | 3.9 % | 23.9 % | 4.8 % | 1.8 % | 2.7 % |
Economic value added (EVA) | - 272.15 | 1 354.63 | - 108.21 | - 318.19 | - 147.41 |
Solvency | |||||
Equity ratio | 4.4 % | 25.9 % | 27.0 % | 38.0 % | 35.1 % |
Gearing | 2100.8 % | 250.7 % | 262.0 % | 157.8 % | 182.5 % |
Relative net indebtedness % | 978.9 % | 604.8 % | 912.2 % | 1082.9 % | 1064.6 % |
Liquidity | |||||
Quick ratio | 1.5 | 3.0 | 19.5 | 5.0 | 7.4 |
Current ratio | 1.5 | 3.0 | 19.5 | 5.0 | 7.4 |
Cash and cash equivalents | 423.67 | 2 218.07 | 3 083.10 | 177.51 | 351.71 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 14.8 % | 214.9 % | 815.7 % | 52.4 % | 98.9 % |
Credit risk | |||||
Credit rating | A | A | A | A | A |
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