Solid Wind Power International A/S — Credit Rating and Financial Key Figures

CVR number: 38242342
Stålvej 8, 6900 Skjern

Credit rating

Company information

Official name
Solid Wind Power International A/S
Established
2016
Company form
Limited company
Industry
  • Expand more icon281100

About Solid Wind Power International A/S

Solid Wind Power International A/S (CVR number: 38242342) is a company from RINGKØBING-SKJERN. The company recorded a gross profit of -4 kDKK in 2024. The operating profit was -4 kDKK, while net earnings were -4.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -7.5 %, which can be considered poor and Return on Equity (ROE) was -37.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -87.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Solid Wind Power International A/S's liquidity measured by quick ratio was 0.1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit- 219.60- 220.41-64.16-10.62-4.00
EBIT- 369.60- 220.41-64.16-10.62-4.00
Net earnings- 321.74- 176.05- 102.14-10.74-4.52
Shareholders equity total249.6673.61-28.52-39.26-43.78
Balance sheet total (assets)605.44430.6548.9818.246.09
Net debt-32.01-36.00-26.1729.2645.19
Profitability
EBIT-%
ROA-10.1 %-42.5 %-4.4 %-15.7 %-7.5 %
ROE-11.5 %-108.9 %-166.6 %-32.0 %-37.2 %
ROI-14.7 %-128.4 %-247.3 %-44.7 %-8.2 %
Economic value added (EVA)- 249.11- 182.86-57.29-7.870.06
Solvency
Equity ratio41.2 %17.1 %-36.8 %-68.3 %-87.8 %
Gearing27.2 %-121.0 %-113.9 %
Relative net indebtedness %
Liquidity
Quick ratio1.71.20.60.30.1
Current ratio1.71.20.60.30.1
Cash and cash equivalents32.0156.0026.1718.244.69
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:-7.45%
Rating: 13/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-87.8%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board

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