Permagreen Grønland A/S — Credit Rating and Financial Key Figures

Permagreen Grønland A/S (CVR number: 16054895) is a company from SERMERSOOQ. The company reported a net sales of 517.2 mDKK in 2023, demonstrating a growth of 79.1 % compared to the previous year. The operating profit percentage was at 1.3 % (EBIT: 6.7 mDKK), while net earnings were 5792 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.1 %, which can be considered weak but Return on Equity (ROE) was 7.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 20.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. Permagreen Grønland A/S's liquidity measured by quick ratio was 1 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.