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

AIR GREENLAND A/S (CVR number: 56996710) is a company from SERMERSOOQ. The company reported a net sales of 1689.5 mDKK in 2024, demonstrating a growth of 4.6 % compared to the previous year. The operating profit percentage was at 3.6 % (EBIT: 60.5 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 34.3 %, 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. AIR GREENLAND A/S's liquidity measured by quick ratio was 0.4 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.