GREENLAND & ICELAND TRAVEL SERVICE ApS — Credit Rating and Financial Key Figures

GREENLAND & ICELAND TRAVEL SERVICE ApS (CVR number: 31765765) is a company from FREDENSBORG. The company recorded a gross profit of 484.3 kDKK in 2023. The operating profit was 246.4 kDKK, while net earnings were 309.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 19.4 %, which can be considered excellent and Return on Equity (ROE) was 44.5 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 39.3 %, 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. GREENLAND & ICELAND TRAVEL SERVICE ApS's liquidity measured by quick ratio was 1.6 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.