Polestar Automotive Denmark ApS — Credit Rating and Financial Key Figures

CVR number: 42092533
Vandtårnsvej 62, 2860 Søborg
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Company information

Official name
Polestar Automotive Denmark ApS
Personnel
35 persons
Established
2021
Company form
Private limited company
Industry

About Polestar Automotive Denmark ApS

Polestar Automotive Denmark ApS (CVR number: 42092533) is a company from GLADSAXE. The company reported a net sales of 628.2 mDKK in 2024, demonstrating a decline of -5 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 10.3 mDKK), while net earnings were 4917 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.5 %, which can be considered decent but Return on Equity (ROE) was 44.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 6.9 %, 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 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2021
2022
2023
2024
Volume
Net sales250.32480.26661.02628.20
Gross profit8.8721.1134.6131.24
EBIT2.334.477.4710.33
Net earnings1.742.504.284.92
Shareholders equity total1.784.288.5613.48
Balance sheet total (assets)115.43177.42232.67193.90
Net debt44.72125.11128.82
Profitability
EBIT-%0.9 %0.9 %1.1 %1.6 %
ROA2.0 %3.1 %3.7 %5.5 %
ROE97.8 %82.3 %66.7 %44.6 %
ROI2.8 %3.4 %4.3 %7.2 %
Economic value added (EVA)1.810.325.50-0.96
Solvency
Equity ratio1.6 %100.0 %3.6 %6.9 %
Gearing4527.3 %1935.1 %1022.2 %
Relative net indebtedness %31.0 %27.8 %27.3 %
Liquidity
Quick ratio0.80.60.4
Current ratio1.01.11.1
Cash and cash equivalents36.0440.538.94
Capital use efficiency
Trade debtors turnover (days)61.451.628.2
Net working capital %1.6 %1.8 %2.7 %
Credit risk
Credit ratingBBBBBBAA

Variable visualization

ROA:5.47%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:6.92%
Rating: 7/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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