AIR GREENLAND A/S — Credit Rating and Financial Key Figures

CVR number: 56996710
Siaqqinneq 1, 3905 Nuussuaq

Company information

Official name
AIR GREENLAND A/S
Established
1960
Company form
Limited company
Industry

About AIR GREENLAND A/S

AIR GREENLAND A/S (CVR number: 56996710K) is a company from SERMERSOOQ. The company reported a net sales of 1863.9 mDKK in 2024, demonstrating a growth of 4.9 % compared to the previous year. The operating profit percentage was at 3.7 % (EBIT: 69.2 mDKK), while net earnings were 44.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 3.3 %, which can be considered weak but Return on Equity (ROE) was 5.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 33.4 %, 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. AIR GREENLAND A/S's liquidity measured by quick ratio was 0.5 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.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales1 111.301 214.401 645.601 776.741 863.94
Gross profit1 111.301 214.401 645.60732.59736.78
EBIT1 111.301 214.401 645.6090.4569.22
Net earnings30.60111.0058.6062.0244.28
Shareholders equity total506.80647.60692.50747.04802.96
Balance sheet total (assets)1 177.601 692.202 237.602 252.402 405.66
Net debt783.11995.91
Profitability
EBIT-%100.0 %100.0 %100.0 %5.1 %3.7 %
ROA96.3 %84.6 %83.7 %4.4 %3.3 %
ROE6.1 %19.2 %8.7 %8.6 %5.7 %
ROI96.3 %84.6 %83.7 %4.8 %3.9 %
Economic value added (EVA)1 018.56852.131 228.0131.49-44.28
Solvency
Equity ratio100.0 %100.0 %100.0 %33.2 %33.4 %
Gearing132.2 %135.5 %
Relative net indebtedness %65.5 %72.7 %
Liquidity
Quick ratio0.80.5
Current ratio0.90.6
Cash and cash equivalents204.7292.02
Capital use efficiency
Trade debtors turnover (days)23.929.0
Net working capital %-3.0 %-13.9 %
Credit risk
Credit ratingBBBBBBBBBAAAAA

Variable visualization

ROA:3.27%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:33.4%
Rating: 29/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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