Greenland Cruises ApS — Credit Rating and Financial Key Figures

Greenland Cruises ApS (CVR number: 43263080) is a company from SERMERSOOQ. The company recorded a gross profit of 357.5 kDKK in 2023. The operating profit was 266.1 kDKK, while net earnings were 125.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.6 %, which can be considered good but Return on Equity (ROE) was 39.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 19.5 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Greenland Cruises ApS'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.