DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG — Credit Rating and Financial Key Figures

CVR number: 12539959
Sipisaq Avannarleq 10 B, 3900 Nuuk

Credit rating

Company information

Official name
DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG
Established
2006
Industry
  • Expand more icon58Publishing activities

About DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG

DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG (CVR number: 12539959) is a company from SERMERSOOQ. The company reported a net sales of 26.3 mDKK in 2023, demonstrating a decline of -0.7 % compared to the previous year. The operating profit percentage was at 1.8 % (EBIT: 0.5 mDKK), while net earnings were 1546 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 3.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 88.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. DEN ERHVERVSDRIVENDE FOND SERMITSIAQ.AG's liquidity measured by quick ratio was 5.3 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.

Financial information

See financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales31 283.4125 445.1825 965.8226 516.6226 328.76
Gross profit24 665.7322 098.7124 627.9421 827.8621 045.29
EBIT4 932.222 806.535 005.562 681.46468.16
Net earnings5 121.912 089.344 039.61564.951 546.04
Shareholders equity total32 955.8635 045.2039 084.8139 649.7641 195.80
Balance sheet total (assets)41 655.6943 678.9546 706.9047 482.8349 212.34
Net debt-25 777.05-25 215.61-26 978.86-28 797.44-23 856.97
Profitability
EBIT-%15.8 %11.0 %19.3 %10.1 %1.8 %
ROA13.2 %5.3 %10.0 %5.5 %3.2 %
ROE16.9 %6.1 %10.9 %1.4 %3.8 %
ROI17.0 %6.7 %12.2 %6.5 %3.9 %
Economic value added (EVA)5 186.153 041.835 048.942 519.27387.72
Solvency
Equity ratio86.8 %88.1 %89.4 %88.7 %88.5 %
Gearing
Relative net indebtedness %-54.6 %-65.2 %-74.5 %-79.1 %-60.2 %
Liquidity
Quick ratio7.08.08.96.55.3
Current ratio4.04.45.44.23.5
Cash and cash equivalents25 777.0525 215.6126 978.8628 797.4423 856.97
Capital use efficiency
Trade debtors turnover (days)55.470.863.053.940.1
Net working capital %84.7 %35.6 %54.7 %27.7 %6.1 %
Credit risk
Credit ratingAAAAAAAAAAAA

Variable visualization

ROA:3.23%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:88.5%
Rating: 68/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Chief executive officer

Companies in the same industry

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