POLAR SERVICE ApS — Credit Rating and Financial Key Figures

CVR number: 30074580
Nørregade 92, 4100 Ringsted
torb.olsen@mail.dk
tel: 20299410

Credit rating

Company information

Official name
POLAR SERVICE ApS
Established
2006
Company form
Private limited company
Industry

About POLAR SERVICE ApS

POLAR SERVICE ApS (CVR number: 30074580) is a company from RINGSTED. The company recorded a gross profit of 179.5 kDKK in 2023. The operating profit was 171.3 kDKK, while net earnings were 134.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.5 %, which can be considered excellent and Return on Equity (ROE) was 30 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.7 %, 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. POLAR SERVICE ApS's liquidity measured by quick ratio was 3.2 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 profit101.1595.75156.19206.75179.55
EBIT92.9487.54147.98198.54171.33
Net earnings71.3263.34112.98153.73134.18
Shareholders equity total233.15245.50305.48406.21487.39
Balance sheet total (assets)351.34422.88540.50645.52709.39
Net debt- 288.57- 381.66- 485.32- 612.30- 687.87
Profitability
EBIT-%
ROA25.7 %22.6 %30.7 %33.5 %25.5 %
ROE32.1 %26.5 %41.0 %43.2 %30.0 %
ROI41.0 %36.0 %53.0 %55.1 %38.3 %
Economic value added (EVA)77.1270.92122.25163.90143.88
Solvency
Equity ratio66.4 %58.1 %56.5 %62.9 %68.7 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio2.62.22.22.73.2
Current ratio2.62.22.22.73.2
Cash and cash equivalents288.57381.66485.32612.30687.87
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:25.5%
Rating: 81/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:68.7%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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