Credit rating
Company information
About the company
SOLUM A/S (CVR number: 25690230) is a company from Høje-Taastrup. The company reported a net sales of 101.9 mDKK in 2023, demonstrating a decline of -11.4 % compared to the previous year. The operating profit percentage was at 8.2 % (EBIT: 8.3 mDKK), while net earnings were 5040.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.2 %, which can be considered good and Return on Equity (ROE) was 11 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 42.3 %, 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. SOLUM A/S'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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 91.16 | 100.29 | 92.24 | 114.92 | 101.85 |
Gross profit | 91.16 | 100.29 | 92.24 | 22.39 | 21.62 |
EBIT | 91.16 | 5.35 | 3.85 | 7.44 | 8.32 |
Net earnings | 4.51 | 4.37 | 3.02 | 5.43 | 5.04 |
Shareholders equity total | 30.56 | 34.93 | 37.95 | 43.38 | 48.42 |
Balance sheet total (assets) | 66.33 | 71.65 | 79.70 | 89.40 | 114.45 |
Net debt | 23.28 | 35.56 | |||
Profitability | |||||
EBIT-% | 100.0 % | 5.3 % | 4.2 % | 6.5 % | 8.2 % |
ROA | 149.6 % | 7.8 % | 5.1 % | 9.9 % | 9.2 % |
ROE | 15.9 % | 13.3 % | 8.3 % | 13.4 % | 11.0 % |
ROI | 170.5 % | 7.8 % | 5.1 % | 10.8 % | 10.7 % |
Economic value added (EVA) | 89.82 | 3.81 | 2.10 | 3.83 | 3.39 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 48.5 % | 42.3 % |
Gearing | 53.8 % | 73.6 % | |||
Relative net indebtedness % | 39.6 % | 63.3 % | |||
Liquidity | |||||
Quick ratio | 2.1 | 1.6 | |||
Current ratio | 2.3 | 1.8 | |||
Cash and cash equivalents | 0.05 | 0.07 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 41.4 | 62.3 | |||
Net working capital % | 22.7 % | 23.2 % | |||
Credit risk | |||||
Credit rating | BB | BBB | BBB | AA | AA |
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