SOL IKAST ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About SOL IKAST ApS
SOL IKAST ApS (CVR number: 33777302) is a company from IKAST-BRANDE. The company recorded a gross profit of -10.5 kDKK in 2024. The operating profit was -10.5 kDKK, while net earnings were 798.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 8.1 %, which can be considered good but Return on Equity (ROE) was 15.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 48.9 %, 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. SOL IKAST ApS's liquidity measured by quick ratio was 2.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 370.50 | -7.75 | -9.00 | -13.88 | -10.51 |
| EBIT | 370.50 | -7.75 | -9.00 | -13.88 | -10.51 |
| Net earnings | 1 978.55 | 699.48 | 1 206.80 | 801.26 | 798.18 |
| Shareholders equity total | 2 208.18 | 2 851.16 | 4 000.75 | 4 743.12 | 5 419.29 |
| Balance sheet total (assets) | 9 375.99 | 10 055.60 | 10 527.10 | 11 584.97 | 11 079.58 |
| Net debt | - 841.63 | -1 087.66 | - 697.20 | -1 195.74 | - 400.71 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 24.6 % | 9.1 % | 14.0 % | 8.4 % | 8.1 % |
| ROE | 158.7 % | 27.7 % | 35.2 % | 18.3 % | 15.7 % |
| ROI | 24.9 % | 9.1 % | 19.3 % | 17.8 % | 15.7 % |
| Economic value added (EVA) | 333.55 | - 169.33 | - 207.60 | - 252.95 | - 291.77 |
| Solvency | |||||
| Equity ratio | 23.6 % | 28.4 % | 38.0 % | 40.9 % | 48.9 % |
| Gearing | 47.2 % | 40.0 % | 20.9 % | 18.0 % | 12.0 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.8 | 2.1 | 1.6 | 1.7 | 2.2 |
| Current ratio | 1.8 | 2.1 | 1.6 | 1.7 | 2.2 |
| Cash and cash equivalents | 1 882.87 | 2 227.97 | 1 534.28 | 2 049.98 | 1 051.00 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | A | BBB | BBB | BBB |
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