POLARIS KLIMATEKNIK APS — Credit Rating and Financial Key Figures
Credit rating
Company information
About POLARIS KLIMATEKNIK APS
POLARIS KLIMATEKNIK APS (CVR number: 38216805) is a company from VORDINGBORG. The company reported a net sales of 0.4 mDKK in 2023, demonstrating a growth of 121.5 % compared to the previous year. The operating profit percentage was at 9.2 % (EBIT: 0 mDKK), while net earnings were 19.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.9 %, which can be considered weak but Return on Equity (ROE) was 4.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 49.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. POLARIS KLIMATEKNIK APS's liquidity measured by quick ratio was 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 2 223.00 | 747.87 | 180.25 | 399.26 | |
Gross profit | 439.18 | 134.30 | -1.44 | 156.72 | |
EBIT | 124.64 | -95.49 | 134.30 | -1.44 | 36.72 |
Net earnings | 60.90 | - 129.87 | 105.39 | -8.57 | 19.46 |
Shareholders equity total | 510.02 | 360.13 | 445.52 | 436.95 | 456.42 |
Balance sheet total (assets) | 1 600.50 | 1 189.21 | 1 395.76 | 945.73 | 917.32 |
Net debt | 867.91 | 791.17 | 778.81 | 410.39 | 378.91 |
Profitability | |||||
EBIT-% | 5.6 % | 18.0 % | -0.8 % | 9.2 % | |
ROA | 9.9 % | -3.4 % | 15.9 % | 4.3 % | 3.9 % |
ROE | 14.1 % | -29.9 % | 26.2 % | -1.9 % | 4.4 % |
ROI | 11.4 % | -3.8 % | 17.0 % | 4.7 % | 4.3 % |
Economic value added (EVA) | 69.83 | - 149.95 | 89.95 | -32.48 | 8.40 |
Solvency | |||||
Equity ratio | 31.9 % | 30.3 % | 31.9 % | 46.2 % | 49.8 % |
Gearing | 170.2 % | 219.8 % | 182.2 % | 100.9 % | 84.6 % |
Relative net indebtedness % | 49.0 % | 122.6 % | 265.3 % | 113.6 % | |
Liquidity | |||||
Quick ratio | 2.9 | 3.9 | 2.0 | 2.1 | 2.0 |
Current ratio | 5.1 | 5.1 | 2.0 | 2.1 | 2.0 |
Cash and cash equivalents | 0.21 | 0.21 | 33.02 | 30.58 | 7.40 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 147.8 | 663.7 | 1 842.6 | 831.8 | |
Net working capital % | 58.0 % | 94.8 % | 269.5 % | 114.3 % | |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
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