Solar A/S (CPH:SOLAR.B)

Solar Balance Sheet

Financials in millions DKK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	344	459	441	166	481	404
Cash & Short-Term Investments	344	459	441	166	481	404
Cash Growth	2.99%	4.08%	165.66%	-65.49%	19.06%	621.43%
Accounts Receivable	2,033	1,661	1,648	1,859	1,502	1,271
Other Receivables	54	127	42	22	6	21
Receivables	2,087	1,788	1,690	1,881	1,508	1,292
Inventory	1,876	1,888	2,029	2,248	1,855	1,531
Prepaid Expenses	78	73	59	42	46	41
Total Current Assets	4,385	4,208	4,219	4,337	3,890	3,268
Property, Plant & Equipment	1,585	1,478	1,506	1,346	1,185	1,106
Long-Term Investments	3	3	4	4	5	2
Goodwill	-	75	122	-	-	-
Other Intangible Assets	388	306	226	173	159	157
Long-Term Deferred Tax Assets	14	11	7	9	13	3
Other Long-Term Assets	25	27	28	32	53	71
Total Assets	6,400	6,108	6,112	5,901	5,305	4,607
Accounts Payable	2,039	1,852	1,770	1,902	2,098	1,693
Accrued Expenses	-	349	397	481	497	396
Short-Term Debt	-	-	-	-	10	31
Current Portion of Long-Term Debt	1,025	858	731	568	58	87
Current Portion of Leases	141	141	130	117	102	103
Current Income Taxes Payable	1	8	54	63	33	21
Current Unearned Revenue	25	35	-	-	-	-
Other Current Liabilities	520	113	140	130	120	82
Total Current Liabilities	3,751	3,356	3,222	3,261	2,918	2,413
Long-Term Debt	422	425	434	293	120	199
Long-Term Leases	275	284	320	274	203	189
Long-Term Deferred Tax Liabilities	157	157	143	133	101	98
Other Long-Term Liabilities	9	12	11	9	11	12
Total Liabilities	4,614	4,234	4,130	3,970	3,353	2,911
Common Stock	736	736	736	736	736	736
Retained Earnings	1,189	1,326	1,394	1,376	1,374	1,155
Comprehensive Income & Other	-184	-234	-198	-181	-158	-195
Total Common Equity	1,741	1,828	1,932	1,931	1,952	1,696
Minority Interest	45	46	50	-	-	-
Shareholders' Equity	1,786	1,874	1,982	1,931	1,952	1,696
Total Liabilities & Equity	6,400	6,108	6,112	5,901	5,305	4,607
Total Debt	1,863	1,708	1,615	1,252	493	609
Net Cash (Debt)	-1,519	-1,249	-1,174	-1,086	-12	-205
Net Cash Per Share	-207.61	-170.38	-160.18	-148.18	-1.64	-28.05
Filing Date Shares Outstanding	7.3	7.3	7.3	7.3	7.3	7.3
Total Common Shares Outstanding	7.3	7.3	7.3	7.3	7.3	7.3
Working Capital	634	852	997	1,076	972	855
Book Value Per Share	238.58	250.40	264.54	264.40	267.28	232.38
Tangible Book Value	1,353	1,447	1,584	1,758	1,793	1,539
Tangible Book Value Per Share	185.41	198.21	216.89	240.71	245.51	210.87
Land	-	1,219	1,249	1,208	1,124	1,155
Machinery	-	606	562	561	580	605
Construction In Progress	-	117	125	7	116	8
Leasehold Improvements	-	71	59	57	56	76

Source: S&P Global Market Intelligence. Standard template. Financial Sources.