Qinngorneq ApS

Qinngorneq ApS (CVR number: 42569305) is a company from QEQQATA. The company recorded a gross profit of 655.5 kDKK in 2023. The operating profit was 452.3 kDKK, while net earnings were 90.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 16 %, which can be considered excellent but Return on Equity (ROE) was 3.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at -1.7 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Qinngorneq ApS's liquidity measured by quick ratio was 0 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.