GRØNLANDS EJENDOMSSELSKAB ApS - KALAALLIT NUNAATA ILLUUTILEQATIGIIFIA — Credit Rating and Financial Key Figures

CVR number: 10276179
H J Rinksvej 29, 3900 Nuuk

Credit rating

Company information

Official name
GRØNLANDS EJENDOMSSELSKAB ApS - KALAALLIT NUNAATA ILLUUTILEQATIGIIFIA
Established
1986
Company form
Private limited company
Industry

About GRØNLANDS EJENDOMSSELSKAB ApS - KALAALLIT NUNAATA ILLUUTILEQATIGIIFIA

GRØNLANDS EJENDOMSSELSKAB ApS - KALAALLIT NUNAATA ILLUUTILEQATIGIIFIA (CVR number: 10276179) is a company from SERMERSOOQ. The company recorded a gross profit of 907 kDKK in 2024. The operating profit was 704.5 kDKK, while net earnings were -1085.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2 %, which can be considered weak but Return on Equity (ROE) was -14.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 8 %, 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. GRØNLANDS EJENDOMSSELSKAB ApS - KALAALLIT NUNAATA ILLUUTILEQATIGIIFIA's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit1 035.641 260.878 788.331 822.23906.99
EBIT8 663.782 225.7711 468.332 107.42704.54
Net earnings4 787.56315.604 781.041 357.90-1 085.63
Shareholders equity total34 798.3628 563.9635 465.0011 319.653 466.51
Balance sheet total (assets)77 667.8688 686.7556 850.1532 189.3643 210.62
Net debt28 098.5636 888.1312 964.0312 536.8625 697.08
Profitability
EBIT-%
ROA10.5 %2.9 %15.8 %5.5 %2.0 %
ROE15.2 %1.0 %14.9 %5.8 %-14.7 %
ROI11.3 %3.3 %17.2 %5.6 %2.2 %
Economic value added (EVA)836.11-1 957.173 614.01-1 273.21- 888.87
Solvency
Equity ratio44.8 %34.3 %62.4 %35.2 %8.0 %
Gearing80.7 %148.8 %36.6 %110.8 %741.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.41.90.20.8
Current ratio1.11.11.90.20.8
Cash and cash equivalents5 605.28
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAABBB

Variable visualization

ROA:2.01%
Rating: 30/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:8.02%
Rating: 8/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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