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 1615.1 mDKK in 2023, demonstrating a growth of 9.6 % compared to the previous year. The operating profit percentage was at 5.1 % (EBIT: 82 mDKK), while net earnings were 62 mDKK. The profitability of the company measured by Return on Assets (ROA) was 4.4 %, which can be considered decent but Return on Equity (ROE) was 8.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 34.1 %, 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. AIR GREENLAND A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.