EUROPEAN SOLAR FARMS SPAIN ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About EUROPEAN SOLAR FARMS SPAIN ApS
EUROPEAN SOLAR FARMS SPAIN ApS (CVR number: 30503899) is a company from GLADSAXE. The company recorded a gross profit of -15 kEUR in 2024. The operating profit was -15 kEUR, while net earnings were 810 kEUR. The profitability of the company measured by Return on Assets (ROA) was 5.6 %, which can be considered decent but Return on Equity (ROE) was 16.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 73.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. EUROPEAN SOLAR FARMS SPAIN ApS's liquidity measured by quick ratio was 0.6 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 (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 63.00 | -49.00 | 93.00 | -18.00 | -15.00 |
EBIT | 63.00 | -49.00 | 93.00 | -18.00 | -15.00 |
Net earnings | 244.00 | 659.00 | 90.00 | 276.00 | 810.00 |
Shareholders equity total | 3 366.00 | 4 025.00 | 4 115.00 | 4 391.00 | 5 201.00 |
Balance sheet total (assets) | 6 358.00 | 6 758.00 | 6 852.00 | 7 351.00 | 7 064.00 |
Net debt | 1 055.00 | 746.00 | 615.00 | 690.00 | -53.00 |
Profitability | |||||
EBIT-% | |||||
ROA | 6.8 % | 3.5 % | 2.0 % | 4.5 % | 5.6 % |
ROE | 7.5 % | 17.8 % | 2.2 % | 6.5 % | 16.9 % |
ROI | 7.1 % | 3.5 % | 2.0 % | 4.5 % | 5.6 % |
Economic value added (EVA) | - 353.67 | - 352.37 | - 228.72 | - 357.84 | - 379.84 |
Solvency | |||||
Equity ratio | 52.9 % | 59.6 % | 60.1 % | 59.7 % | 73.6 % |
Gearing | 32.6 % | 18.9 % | 15.5 % | 16.0 % | |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.4 | 34.3 | 3.1 | 8.5 | 0.6 |
Current ratio | 2.4 | 34.3 | 3.1 | 8.5 | 0.6 |
Cash and cash equivalents | 41.00 | 16.00 | 22.00 | 14.00 | 53.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | A | A | A | A | A |
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