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

GREENLAND PETROLEUM A/S (CVR number: 12592752) is a company from SERMERSOOQ. The company recorded a gross profit of 5.7 kDKK in 2023, demonstrating a decline of -96.6 % compared to the previous year. The operating profit was -43.8 kDKK, while net earnings were -43.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.7 %, which can be considered poor and Return on Equity (ROE) was -1.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 89.7 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. GREENLAND PETROLEUM A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.