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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0G33's short term assets (DKK4.4B) exceed its short term liabilities (DKK3.6B).
Long Term Liabilities: 0G33's short term assets (DKK4.4B) exceed its long term liabilities (DKK871.0M).
Debt to Equity History and Analysis
Debt Level: 0G33's net debt to equity ratio (67.6%) is considered high.
Reducing Debt: 0G33's debt to equity ratio has increased from 57.1% to 82.2% over the past 5 years.
Debt Coverage: 0G33's debt is well covered by operating cash flow (33.2%).
Interest Coverage: 0G33'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 | 2024/12/26 09:26 |
| End of Day Share Price | 2024/12/23 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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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 |