SØLVAR A/S — Credit Rating and Financial Key Figures

CVR number: 37331716
Rugmarksvej 8, 8462 Harlev J
soelvar@gmail.com
tel: 21657737

Credit rating

Company information

Official name
SØLVAR A/S
Established
1946
Company form
Limited company
Industry
  • Expand more icon64Financial service activities, except insurance and pension funding

About SØLVAR A/S

SØLVAR A/S (CVR number: 37331716) is a company from AARHUS. The company recorded a gross profit of 146.5 kDKK in 2023. The operating profit was 132.2 kDKK, while net earnings were 105 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.3 %, which can be considered decent and Return on Equity (ROE) was 6 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 96.2 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. SØLVAR A/S's liquidity measured by quick ratio was 70.8 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 profit-22.54-22.6630.61134.76146.51
EBIT-36.32-26.5322.53118.38132.21
Net earnings-36.59-35.5322.5386.83104.99
Shareholders equity total1 862.651 718.511 701.371 738.041 786.82
Balance sheet total (assets)1 866.141 721.311 715.061 781.081 857.56
Net debt-1 366.14-1 218.84-1 215.06-1 280.18-1 357.56
Profitability
EBIT-%
ROA-1.9 %-1.5 %1.3 %6.8 %7.3 %
ROE-1.9 %-2.0 %1.3 %5.0 %6.0 %
ROI-1.9 %-1.5 %1.3 %6.9 %7.5 %
Economic value added (EVA)-62.68-51.48-2.5867.9082.15
Solvency
Equity ratio99.8 %99.8 %99.2 %97.6 %96.2 %
Gearing0.1 %
Relative net indebtedness %
Liquidity
Quick ratio391.8436.288.869.070.8
Current ratio391.8436.288.869.070.8
Cash and cash equivalents1 366.141 218.841 215.061 281.081 357.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:7.30%
Rating: 49/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:96.2%
Rating: 77/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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