Solar Balance Sheet Health
Financial Health criteria checks 4/6
Solar has a total shareholder equity of DKK1.8B and total debt of DKK1.5B, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are DKK6.3B and DKK4.4B respectively. Solar's EBIT is DKK273.0M making its interest coverage ratio 3.4. It has cash and short-term investments of DKK268.0M.
Key information
82.2%
Debt to equity ratio
DKK 1.51b
Debt
| Interest coverage ratio | 3.4x |
| Cash | DKK 268.00m |
| Equity | DKK 1.83b |
| Total liabilities | DKK 4.43b |
| Total assets | DKK 6.26b |
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 06Recent updates
Solar's (CPH:SOLAR B) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 08Solar's (CPH:SOLAR B) Soft Earnings Don't Show The Whole Picture
May 09Solar (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 31Financial Position Analysis
Short Term Liabilities: SOLAR B's short term assets (DKK4.4B) exceed its short term liabilities (DKK3.6B).
Long Term Liabilities: SOLAR B's short term assets (DKK4.4B) exceed its long term liabilities (DKK871.0M).
Debt to Equity History and Analysis
Debt Level: SOLAR B's net debt to equity ratio (67.6%) is considered high.
Reducing Debt: SOLAR B's debt to equity ratio has increased from 57.1% to 82.2% over the past 5 years.
Debt Coverage: SOLAR B's debt is well covered by operating cash flow (33.2%).
Interest Coverage: SOLAR B's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/23 18:25 |
| End of Day Share Price | 2025/01/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Solar A/S is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Borreskov | Carnegie Investment Bank AB |
| Kristian Tornøe Johansen | Danske Bank |
| Pierre Bosset | HSBC |