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 -18 kEUR in 2023. The operating profit was -18 kEUR, while net earnings were 276 kEUR. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent and Return on Equity (ROE) was 6.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 59.7 %, 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. EUROPEAN SOLAR FARMS SPAIN ApS's liquidity measured by quick ratio was 8.5 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.
Financial information
See financialsGross profit (kEUR)
EBIT (kEUR)
Profitability
Solidity
Key figures (kEUR)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -65.00 | 63.00 | -49.00 | 93.00 | -18.00 |
EBIT | -65.00 | 63.00 | -49.00 | 93.00 | -18.00 |
Net earnings | -54.00 | 244.00 | 659.00 | 90.00 | 276.00 |
Shareholders equity total | 3 122.00 | 3 366.00 | 4 025.00 | 4 115.00 | 4 391.00 |
Balance sheet total (assets) | 8 770.00 | 6 358.00 | 6 758.00 | 6 852.00 | 7 351.00 |
Net debt | 3 986.00 | 1 055.00 | 746.00 | 615.00 | 690.00 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.4 % | 6.8 % | 3.5 % | 2.0 % | 4.5 % |
ROE | -1.9 % | 7.5 % | 17.8 % | 2.2 % | 6.5 % |
ROI | 9.6 % | 7.1 % | 3.5 % | 2.0 % | 4.5 % |
Economic value added (EVA) | 459.77 | 409.62 | 302.59 | 387.64 | 268.63 |
Solvency | |||||
Equity ratio | 35.6 % | 52.9 % | 59.6 % | 60.1 % | 59.7 % |
Gearing | 149.6 % | 32.6 % | 18.9 % | 15.5 % | 16.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 4.1 | 2.4 | 34.3 | 3.1 | 8.5 |
Current ratio | 4.1 | 2.4 | 34.3 | 3.1 | 8.5 |
Cash and cash equivalents | 684.00 | 41.00 | 16.00 | 22.00 | 14.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | A | A | A | A |
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