Travel by Heart - Greenland ApS — Credit Rating and Financial Key Figures

Travel by Heart - Greenland ApS (CVR number: 41786558) is a company from SERMERSOOQ. The company recorded a gross profit of 1864.3 kDKK in 2023. The operating profit was 67.7 kDKK, while net earnings were 63 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.6 %, which can be considered decent and Return on Equity (ROE) was 6.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 32.8 %, 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. Travel by Heart - Greenland ApS's liquidity measured by quick ratio was 1.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.