Toornaq Avannaa ApS — Credit Rating and Financial Key Figures

Toornaq Avannaa ApS (CVR number: 40051430) is a company from SERMERSOOQ. The company recorded a gross profit of 4.5 kDKK in 2022. The operating profit was 4.5 kDKK, while net earnings were 4.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.1 %, which can be considered excellent and Return on Equity (ROE) was 43.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 28.1 %, 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. Toornaq Avannaa ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.