Polestar Automotive Denmark ApS — Credit Rating and Financial Key Figures

Polestar Automotive Denmark ApS (CVR number: 42092533) is a company from GLADSAXE. The company reported a net sales of 661 mDKK in 2023, demonstrating a growth of 37.6 % compared to the previous year. The operating profit percentage was at 1.1 % (EBIT: 7.5 mDKK), while net earnings were 4280 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.7 %, which can be considered weak but Return on Equity (ROE) was 66.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 3.6 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Polestar Automotive Denmark ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.