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Greenland Water Resources A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Greenland Water Resources A/S
Greenland Water Resources A/S (CVR number: 12592752) is a company from SERMERSOOQ. The company recorded a gross profit of -26.8 kDKK in 2025. The operating profit was -26.8 kDKK, while net earnings were 30.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.5 %, which can be considered weak and Return on Equity (ROE) was 1.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 91.3 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Greenland Water Resources A/S's liquidity measured by quick ratio was 11.6 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 675.00 | 900.00 | |||
| Gross profit | 96.21 | 170.15 | 5.72 | 49.18 | -26.80 |
| EBIT | -43.37 | -14.56 | -43.77 | 49.18 | -26.80 |
| Net earnings | -47.56 | -14.65 | -43.84 | 98.47 | 30.46 |
| Shareholders equity total | 2 350.02 | 2 335.37 | 2 291.53 | 2 390.00 | 2 420.46 |
| Balance sheet total (assets) | 2 589.41 | 2 704.07 | 2 553.47 | 2 609.41 | 2 649.67 |
| Net debt | -0.41 | -0.07 | 0.03 | 168.79 | 170.71 |
| Profitability | |||||
| EBIT-% | -6.4 % | -1.6 % | |||
| ROA | -1.6 % | -0.6 % | -1.7 % | 3.8 % | 1.5 % |
| ROE | -2.0 % | -0.6 % | -1.9 % | 4.2 % | 1.3 % |
| ROI | -1.8 % | -0.6 % | -1.9 % | 4.1 % | 1.5 % |
| Economic value added (EVA) | - 167.55 | - 132.65 | - 161.12 | -65.97 | - 149.91 |
| Solvency | |||||
| Equity ratio | 90.8 % | 86.4 % | 89.7 % | 91.6 % | 91.3 % |
| Gearing | 0.0 % | 7.3 % | 7.2 % | ||
| Relative net indebtedness % | 35.4 % | 41.0 % | |||
| Liquidity | |||||
| Quick ratio | 0.7 | 0.6 | 0.9 | 11.9 | 11.6 |
| Current ratio | 0.7 | 0.6 | 0.9 | 11.9 | 11.6 |
| Cash and cash equivalents | 0.41 | 0.07 | 4.67 | 2.76 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | -11.0 % | -14.8 % | |||
| Credit risk | |||||
| Credit rating | BBB | BBB | BB | BB | BB |
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