Solar Balance Sheet Health
Financial Health criteria checks 5/6
Solar has a total shareholder equity of DKK2.0B and total debt of DKK1.2B, which brings its debt-to-equity ratio to 58.8%. Its total assets and total liabilities are DKK6.1B and DKK4.1B respectively. Solar's EBIT is DKK586.0M making its interest coverage ratio 7.3. It has cash and short-term investments of DKK441.0M.
Key information
58.8%
Debt to equity ratio
kr.1.17b
Debt
| Interest coverage ratio | 7.3x |
| Cash | kr.441.00m |
| Equity | kr.1.98b |
| Total liabilities | kr.4.13b |
| Total assets | kr.6.11b |
Recent financial health updates
Is Solar (CPH:SOLAR B) A Risky Investment?
Feb 28
Solar (CPH:SOLAR B) Seems To Use Debt Rather Sparingly
Oct 17Solar (CPH:SOLAR B) Has A Rock Solid Balance Sheet
Jun 06We Think Solar (CPH:SOLAR B) Can Manage Its Debt With Ease
Mar 02Recent updates
Solar (CPH:SOLAR B) Has Announced That Its Dividend Will Be Reduced To DKK30.00
Feb 22Is Solar A/S (CPH:SOLAR B) Potentially Undervalued?
Oct 19Solar (CPH:SOLAR B) Will Pay A Dividend Of DKK45.00
Feb 12When Should You Buy Solar A/S (CPH:SOLAR B)?
Feb 04Why Solar A/S (CPH:SOLAR B) Could Be Worth Watching
Aug 30With EPS Growth And More, Solar (CPH:SOLAR B) Makes An Interesting Case
Aug 11Solar's (CPH:SOLAR B) Upcoming Dividend Will Be Larger Than Last Year's
May 12Do Solar's (CPH:SOLAR B) Earnings Warrant Your Attention?
Apr 22Solar (CPH:SOLAR B) Is Increasing Its Dividend To kr.45.00
Mar 06Is Solar (CPH:SOLAR B) A Risky Investment?
Feb 28Solar (CPH:SOLAR B) Is Increasing Its Dividend To kr.45.00
Feb 13At kr.726, Is It Time To Put Solar A/S (CPH:SOLAR B) On Your Watch List?
Feb 02Returns On Capital Are A Standout For Solar (CPH:SOLAR B)
Dec 28Solar (CPH:SOLAR B) Seems To Use Debt Rather Sparingly
Oct 17Returns On Capital Are A Standout For Solar (CPH:SOLAR B)
Aug 14Should You Think About Buying Solar A/S (CPH:SOLAR B) Now?
Jul 21Solar (CPH:SOLAR B) Has A Rock Solid Balance Sheet
Jun 06Why Solar A/S (CPH:SOLAR B) Could Be Worth Watching
Mar 31Interested In Solar's (CPH:SOLAR B) Upcoming kr.28.00 Dividend? You Have Three Days Left
Mar 17Has Solar A/S' (CPH:SOLAR B) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Mar 15We Think Solar (CPH:SOLAR B) Can Manage Its Debt With Ease
Mar 02Should You Rely On Solar's (CPH:SOLAR B) Earnings Growth?
Feb 16Calculating The Intrinsic Value Of Solar A/S (CPH:SOLAR B)
Feb 05What Type Of Shareholders Make Up Solar A/S' (CPH:SOLAR B) Share Registry?
Jan 22The Case For Solar A/S (CPH:SOLAR B): Could It Be A Nice Addition To Your Dividend Portfolio?
Jan 06
When Should You Buy Solar A/S (CPH:SOLAR B)?
Dec 23Solar's (CPH:SOLAR B) Stock Price Has Reduced 21% In The Past Five Years
Dec 10Financial Position Analysis
Short Term Liabilities: SOLAR B's short term assets (DKK4.2B) exceed its short term liabilities (DKK3.2B).
Long Term Liabilities: SOLAR B's short term assets (DKK4.2B) exceed its long term liabilities (DKK908.0M).
Debt to Equity History and Analysis
Debt Level: SOLAR B's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: SOLAR B's debt to equity ratio has increased from 36.7% to 58.8% over the past 5 years.
Debt Coverage: SOLAR B's debt is well covered by operating cash flow (73.4%).
Interest Coverage: SOLAR B's interest payments on its debt are well covered by EBIT (7.3x coverage).