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

CVR number: 12191219
Pukuffik 13, 3905 Nuussuaq
mail@polar-el.gl
tel: 311113
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Company information

Official name
POLAR EL A/S
Established
2004
Company form
Limited company
Industry

About POLAR EL A/S

POLAR EL A/S (CVR number: 12191219) is a company from SERMERSOOQ. The company recorded a gross profit of 28.8 mDKK in 2024. The operating profit was 5415.1 kDKK, while net earnings were 5849.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 15.6 %, which can be considered excellent and Return on Equity (ROE) was 23.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 67.6 %, 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 EL A/S's liquidity measured by quick ratio was 1.9 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit23 518.5625 237.2722 925.7824 701.8628 820.65
EBIT6 836.6411 665.676 352.597 664.555 415.14
Net earnings6 293.609 614.906 907.487 318.885 849.19
Shareholders equity total18 696.5524 311.4524 218.9325 537.8124 187.00
Balance sheet total (assets)26 717.0232 687.6532 356.2034 236.4835 805.82
Net debt- 578.48-5 084.81-3 891.52-5 821.78-5 487.36
Profitability
EBIT-%
ROA25.5 %39.4 %20.4 %23.3 %15.6 %
ROE34.9 %44.7 %28.5 %29.4 %23.5 %
ROI31.3 %46.2 %23.6 %27.4 %19.4 %
Economic value added (EVA)5 257.538 533.865 232.065 852.204 401.28
Solvency
Equity ratio70.4 %74.4 %78.3 %74.6 %67.6 %
Gearing5.4 %
Relative net indebtedness %
Liquidity
Quick ratio1.43.13.32.81.9
Current ratio1.73.73.03.42.2
Cash and cash equivalents1 590.425 084.813 891.525 821.785 487.36
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:15.6%
Rating: 67/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:67.6%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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