Arctic Fish Greenland A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Arctic Fish Greenland A/S
Arctic Fish Greenland A/S (CVR number: 12926057) is a company from SERMERSOOQ. The company reported a net sales of 45.1 mDKK in 2024, demonstrating a decline of -32.5 % compared to the previous year. The operating profit percentage was at 2.4 % (EBIT: 1.1 mDKK), while net earnings were -11.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak but Return on Equity (ROE) was -15.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -19.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Arctic Fish Greenland A/S's liquidity measured by quick ratio was 3.5 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 56.88 | 69.27 | 88.35 | 66.91 | 45.15 |
Gross profit | 15.40 | 17.86 | 148.75 | 18.99 | 16.34 |
EBIT | 1.74 | -6.85 | 11.30 | -4.81 | 1.07 |
Net earnings | 4.27 | -5.25 | 5.50 | -12.92 | -11.25 |
Shareholders equity total | 15.27 | 5.75 | 11.24 | -1.67 | -12.92 |
Balance sheet total (assets) | 59.40 | 98.83 | 108.21 | 91.87 | 52.48 |
Net debt | 40.62 | 86.72 | 87.91 | 87.96 | 61.52 |
Profitability | |||||
EBIT-% | 3.1 % | -9.9 % | 12.8 % | -7.2 % | 2.4 % |
ROA | 3.2 % | -8.7 % | 10.9 % | -4.7 % | 1.4 % |
ROE | 23.4 % | -50.0 % | 64.7 % | -25.1 % | -15.6 % |
ROI | 3.6 % | -9.2 % | 11.8 % | -5.1 % | 1.4 % |
Economic value added (EVA) | -0.84 | -6.97 | 3.66 | -10.28 | -3.18 |
Solvency | |||||
Equity ratio | 25.7 % | 5.8 % | 10.4 % | -1.8 % | -19.8 % |
Gearing | 266.4 % | 1509.7 % | 782.6 % | -5256.9 % | -476.3 % |
Relative net indebtedness % | 76.8 % | 134.3 % | 109.6 % | 139.7 % | 144.8 % |
Liquidity | |||||
Quick ratio | 0.0 | 1.1 | 2.5 | 3.1 | 3.5 |
Current ratio | 0.1 | 1.9 | 3.4 | 4.3 | 4.0 |
Cash and cash equivalents | 0.07 | 0.03 | 0.09 | 0.04 | 0.03 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.2 | 1.6 | 1.3 | 3.7 | 2.0 |
Net working capital % | -67.2 % | 8.4 % | 24.2 % | 27.1 % | 25.7 % |
Credit risk | |||||
Credit rating | AA | A | A | BBB | BBB |
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