POLARIS GEMS ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About POLARIS GEMS ApS
POLARIS GEMS ApS (CVR number: 35037241) is a company from KØBENHAVN. The company recorded a gross profit of -7.3 kDKK in 2023. The operating profit was -7.3 kDKK, while net earnings were 482.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 38.9 %, which can be considered excellent and Return on Equity (ROE) was 111.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. POLARIS GEMS ApS's liquidity measured by quick ratio was 1.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -5.85 | -6.13 | -6.03 | -6.88 | -7.25 |
EBIT | -5.85 | -6.13 | -6.03 | -6.88 | -7.25 |
Net earnings | -12.10 | -11.87 | -13.48 | -15.47 | 482.63 |
Shareholders equity total | 263.43 | 251.56 | 238.08 | 222.60 | 646.33 |
Balance sheet total (assets) | 583.82 | 583.84 | 583.12 | 582.43 | 2 016.51 |
Net debt | 314.06 | 325.81 | 338.99 | 352.19 | - 149.46 |
Profitability | |||||
EBIT-% | |||||
ROA | -0.7 % | -0.7 % | -0.6 % | -0.8 % | 38.9 % |
ROE | -4.5 % | -4.6 % | -5.5 % | -6.7 % | 111.1 % |
ROI | -0.7 % | -0.7 % | -0.6 % | -0.8 % | 39.1 % |
Economic value added (EVA) | 6.91 | 7.14 | 7.64 | 7.50 | 7.86 |
Solvency | |||||
Equity ratio | 45.1 % | 43.1 % | 40.8 % | 38.2 % | 32.1 % |
Gearing | 119.4 % | 129.5 % | 142.4 % | 158.5 % | 210.9 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 14.6 | 13.0 | 13.8 | 11.7 | 1.6 |
Current ratio | 14.6 | 13.0 | 13.8 | 11.7 | 1.6 |
Cash and cash equivalents | 0.59 | 0.04 | 0.04 | 0.59 | 1 512.58 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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