SOLAR ENERGY COMPANY II P/S — Credit Rating and Financial Key Figures

CVR number: 32780563
Gammel Lundtoftevej 24, 2800 Kongens Lyngby

Company information

Official name
SOLAR ENERGY COMPANY II P/S
Established
2010
Industry

About SOLAR ENERGY COMPANY II P/S

SOLAR ENERGY COMPANY II P/S (CVR number: 32780563) is a company from LYNGBY-TAARBÆK. The company recorded a gross profit of -959.2 kDKK in 2023. The operating profit was -959.2 kDKK, while net earnings were -1824.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -20.1 %, which can be considered poor and Return on Equity (ROE) was -66.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -75.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. SOLAR ENERGY COMPANY II P/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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- 675.98- 630.89- 486.83- 777.84- 959.16
EBIT- 675.98- 630.89- 486.83- 777.84- 959.16
Net earnings-4 840.60-2 601.39-1 326.94-5 781.95-1 824.17
Shareholders equity total8 614.636 013.244 686.29-1 095.66-2 919.83
Balance sheet total (assets)11 479.599 689.899 083.514 565.40935.79
Net debt448.482 669.972 852.033 257.473 591.68
Profitability
EBIT-%
ROA-7.8 %-7.9 %-6.3 %-15.8 %-20.1 %
ROE-43.9 %-35.6 %-24.8 %-125.0 %-66.3 %
ROI-8.0 %-8.5 %-7.3 %-21.5 %-27.8 %
Economic value added (EVA)-1 287.50-1 027.89- 764.28- 993.88- 902.94
Solvency
Equity ratio75.0 %62.1 %51.6 %-19.4 %-75.7 %
Gearing5.4 %44.4 %60.9 %-299.4 %-123.7 %
Relative net indebtedness %
Liquidity
Quick ratio0.10.00.00.00.2
Current ratio0.10.00.00.00.2
Cash and cash equivalents14.510.380.9323.0420.66
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:-20.1%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-75.7%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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