POLAR A/S — Credit Rating and Financial Key Figures

CVR number: 33036566
Hylkevej 31, 8660 Skanderborg
tel: 33138542

Credit rating

Company information

Official name
POLAR A/S
Personnel
9 persons
Established
2010
Company form
Limited company
Industry
  • Expand more icon20Manufacture of chemicals and chemical products

About POLAR A/S

POLAR A/S (CVR number: 33036566) is a company from SKANDERBORG. The company recorded a gross profit of 10.9 mDKK in 2023. The operating profit was 4451.9 kDKK, while net earnings were 3628.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21.9 %, which can be considered excellent and Return on Equity (ROE) was 28.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.6 %, 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. POLAR A/S's liquidity measured by quick ratio was 1.6 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 profit19 005.0013 106.0010 139.009 615.0010 890.12
EBIT11 964.006 509.004 142.003 824.004 451.93
Net earnings9 230.005 026.003 137.002 954.003 628.80
Shareholders equity total14 007.0011 033.0011 170.0012 125.0013 653.36
Balance sheet total (assets)31 192.0022 701.0028 985.0020 119.0022 167.96
Net debt5 527.005 538.0010 753.00- 614.00-1 137.21
Profitability
EBIT-%
ROA45.2 %24.2 %16.0 %15.9 %21.9 %
ROE95.4 %40.1 %28.3 %25.4 %28.2 %
ROI61.4 %32.4 %21.4 %22.1 %33.4 %
Economic value added (EVA)9 126.414 592.712 700.342 439.152 965.48
Solvency
Equity ratio44.9 %48.6 %38.5 %60.3 %61.6 %
Gearing66.5 %50.5 %96.3 %8.0 %5.2 %
Relative net indebtedness %
Liquidity
Quick ratio2.12.01.21.31.6
Current ratio2.93.11.82.32.5
Cash and cash equivalents3 792.0030.003.001 584.001 845.12
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAAAAAA

Variable visualization

ROA:21.9%
Rating: 77/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:61.6%
Rating: 47/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

Companies in the same industry

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