POLAR RAAJAT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 547.01 | 475.72 | 561.99 | 518.18 | 512.08 |
Gross profit | 119.69 | 101.15 | 130.95 | 108.99 | 121.06 |
EBIT | 20.29 | -1.25 | 28.06 | 3.80 | 12.61 |
Net earnings | 15.27 | -0.47 | 20.57 | 5.19 | 11.70 |
Shareholders equity total | 189.99 | 189.52 | 210.09 | 215.28 | 226.98 |
Balance sheet total (assets) | 272.40 | 268.28 | 308.02 | 314.05 | 334.77 |
Net debt | -10.24 | -1.52 | -8.65 | -38.47 | -22.65 |
Profitability | |||||
EBIT-% | 3.7 % | -0.3 % | 5.0 % | 0.7 % | 2.5 % |
ROA | 7.4 % | -0.2 % | 9.7 % | 2.8 % | 5.6 % |
ROE | 8.4 % | -0.2 % | 10.3 % | 2.4 % | 5.3 % |
ROI | 11.0 % | -0.3 % | 14.0 % | 4.1 % | 8.1 % |
Economic value added (EVA) | 5.54 | -10.68 | 10.98 | -7.75 | -1.47 |
Solvency | |||||
Equity ratio | 69.7 % | 70.6 % | 68.2 % | 68.5 % | 67.8 % |
Gearing | 0.5 % | 0.4 % | 0.2 % | 0.0 % | 1.4 % |
Relative net indebtedness % | 12.4 % | 15.7 % | 15.8 % | 11.6 % | 15.8 % |
Liquidity | |||||
Quick ratio | 2.3 | 2.2 | 2.1 | 2.1 | 2.1 |
Current ratio | 2.5 | 2.6 | 2.5 | 2.5 | 2.6 |
Cash and cash equivalents | 11.11 | 2.25 | 9.16 | 38.49 | 25.78 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 |
Net working capital % | 21.8 % | 26.2 % | 26.2 % | 28.4 % | 33.3 % |
Credit risk | |||||
Credit rating | AAA | AA | AAA | AAA | AAA |
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