SOLGAARDEN ApS — Credit Rating and Financial Key Figures

SOLGAARDEN ApS (CVR number: 35801820) is a company from IKAST-BRANDE. The company reported a net sales of 0.3 mDKK in 2023, demonstrating a decline of -12.5 % compared to the previous year. The operating profit percentage was at 41.1 % (EBIT: 0.1 mDKK), while net earnings were -159.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.8 %, which can be considered weak but Return on Equity (ROE) was -7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 38 %, 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 5 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.