POLAR SEAFOOD DENMARK A/S — Credit Rating and Financial Key Figures

CVR number: 11369677
Baldrianvej 2, 9310 Vodskov
lr@polarseafood.dk
tel: 98294422

Company information

Official name
POLAR SEAFOOD DENMARK A/S
Personnel
166 persons
Established
1987
Company form
Limited company
Industry

About POLAR SEAFOOD DENMARK A/S

POLAR SEAFOOD DENMARK A/S (CVR number: 11369677) is a company from AALBORG. The company reported a net sales of 3200.4 mDKK in 2024, demonstrating a growth of 3.5 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 161.7 mDKK), while net earnings were 121.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.3 %, which can be considered excellent but Return on Equity (ROE) was 13.1 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 59.1 %, 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. POLAR SEAFOOD DENMARK A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales2 256.872 706.673 207.303 092.203 200.39
Gross profit240.08297.85295.89277.41290.93
EBIT124.45182.82186.99158.16161.66
Net earnings103.59209.6182.5374.72121.17
Shareholders equity total1 196.871 317.331 439.26886.74967.56
Balance sheet total (assets)1 717.051 627.101 875.081 550.391 636.70
Net debt219.9339.11- 109.40177.86297.83
Profitability
EBIT-%5.5 %6.8 %5.8 %5.1 %5.1 %
ROA12.9 %15.9 %10.8 %14.2 %15.3 %
ROE8.8 %16.7 %6.0 %6.4 %13.1 %
ROI8.5 %16.9 %8.4 %8.4 %11.2 %
Economic value added (EVA)26.9757.7458.7015.4387.58
Solvency
Equity ratio69.7 %81.0 %76.8 %57.2 %59.1 %
Gearing31.3 %12.5 %16.0 %26.0 %44.4 %
Relative net indebtedness %15.7 %6.2 %2.3 %19.0 %16.0 %
Liquidity
Quick ratio1.72.62.11.31.0
Current ratio2.53.93.32.71.9
Cash and cash equivalents155.23125.22339.9453.12131.42
Capital use efficiency
Trade debtors turnover (days)40.336.340.842.740.2
Net working capital %33.2 %30.3 %29.9 %21.8 %17.4 %
Credit risk
Credit ratingAAAAAAAAAA

Variable visualization

ROA:15.3%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:59.1%
Rating: 46/100
-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
Board member

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