POLAR RAAJAT A/S — Credit Rating and Financial Key Figures

CVR number: 19650472
Imaneq 24, 3900 Nuuk
Free credit report Annual report

Credit rating

Company information

Official name
POLAR RAAJAT A/S
Established
1996
Company form
Limited company
Industry

About POLAR RAAJAT A/S

POLAR RAAJAT A/S (CVR number: 19650472) is a company from SERMERSOOQ. The company reported a net sales of 512.1 mDKK in 2024, demonstrating a decline of -1.2 % compared to the previous year. The operating profit percentage was at 2.5 % (EBIT: 12.6 mDKK), while net earnings were 11.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.6 %, which can be considered decent and Return on Equity (ROE) was 5.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 67.8 %, 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 RAAJAT A/S's liquidity measured by quick ratio was 2.1 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

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales547.01475.72561.99518.18512.08
Gross profit119.69101.15130.95108.99121.06
EBIT20.29-1.2528.063.8012.61
Net earnings15.27-0.4720.575.1911.70
Shareholders equity total189.99189.52210.09215.28226.98
Balance sheet total (assets)272.40268.28308.02314.05334.77
Net debt-10.24-1.52-8.65-38.47-22.65
Profitability
EBIT-%3.7 %-0.3 %5.0 %0.7 %2.5 %
ROA7.4 %-0.2 %9.7 %2.8 %5.6 %
ROE8.4 %-0.2 %10.3 %2.4 %5.3 %
ROI11.0 %-0.3 %14.0 %4.1 %8.1 %
Economic value added (EVA)5.54-10.6810.98-7.75-1.47
Solvency
Equity ratio69.7 %70.6 %68.2 %68.5 %67.8 %
Gearing0.5 %0.4 %0.2 %0.0 %1.4 %
Relative net indebtedness %12.4 %15.7 %15.8 %11.6 %15.8 %
Liquidity
Quick ratio2.32.22.12.12.1
Current ratio2.52.62.52.52.6
Cash and cash equivalents11.112.259.1638.4925.78
Capital use efficiency
Trade debtors turnover (days)0.30.20.30.30.2
Net working capital %21.8 %26.2 %26.2 %28.4 %33.3 %
Credit risk
Credit ratingAAAAAAAAAAAAAA

Variable visualization

ROA:5.58%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:67.8%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer
Board member
Chairman of the board

Companies in the same industry

CreditReports API
  • Company information
  • Financial data
  • Credit risk data
  • All 400,000+ Danish companies

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.