Illutaaq ApS — Credit Rating and Financial Key Figures

Illutaaq ApS (CVR number: 39998491) is a company from AVANNAATA. The company recorded a gross profit of 1509.1 kDKK in 2023. The operating profit was 1180.5 kDKK, while net earnings were 59.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.5 %, which can be considered weak but Return on Equity (ROE) was 84.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 0.2 %, 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. Illutaaq ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.