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Permagreen Grønland A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Permagreen Grønland A/S
Permagreen Grønland A/S (CVR number: 16054895) is a company from SERMERSOOQ. The company reported a net sales of 535.4 mDKK in 2025, demonstrating a growth of 3.8 % compared to the previous year. The operating profit percentage was at 4.3 % (EBIT: 23.2 mDKK), while net earnings were 26.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 9.3 %, which can be considered good but Return on Equity (ROE) was 22.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28 %, 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 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 406.54 | 288.69 | 517.19 | 515.94 | 535.41 |
| Gross profit | 29.41 | 21.63 | 30.64 | 54.49 | 47.23 |
| EBIT | 8.04 | 5.09 | 6.68 | 29.35 | 23.16 |
| Net earnings | 4.02 | 3.20 | 5.79 | 27.66 | 26.16 |
| Shareholders equity total | 66.91 | 70.11 | 75.90 | 103.56 | 129.72 |
| Balance sheet total (assets) | 230.29 | 276.61 | 376.59 | 340.38 | 463.94 |
| Net debt | 57.96 | 104.40 | 121.27 | 91.24 | 129.88 |
| Profitability | |||||
| EBIT-% | 2.0 % | 1.8 % | 1.3 % | 5.7 % | 4.3 % |
| ROA | 3.9 % | 2.0 % | 3.1 % | 10.9 % | 9.3 % |
| ROE | 6.2 % | 4.7 % | 7.9 % | 30.8 % | 22.4 % |
| ROI | 5.8 % | 2.9 % | 4.4 % | 15.9 % | 14.2 % |
| Economic value added (EVA) | 0.54 | -3.54 | -5.00 | 6.07 | 2.37 |
| Solvency | |||||
| Equity ratio | 29.1 % | 25.3 % | 20.2 % | 30.4 % | 28.0 % |
| Gearing | 111.4 % | 156.0 % | 228.4 % | 101.1 % | 107.1 % |
| Relative net indebtedness % | 32.8 % | 65.6 % | 45.4 % | 39.4 % | 55.4 % |
| Liquidity | |||||
| Quick ratio | 1.4 | 1.1 | 1.0 | 0.7 | 0.6 |
| Current ratio | 1.6 | 1.1 | 1.0 | 0.8 | 0.7 |
| Cash and cash equivalents | 16.59 | 4.95 | 52.08 | 13.49 | 9.08 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 47.9 | 65.6 | 54.4 | 42.3 | 61.7 |
| Net working capital % | 13.5 % | 6.6 % | 0.3 % | -7.2 % | -17.3 % |
| Credit risk | |||||
| Credit rating | BBB | A | A | A | A |
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