Pelagic Greenland A/S — Credit Rating and Financial Key Figures

Pelagic Greenland A/S (CVR number: 12842465) is a company from SERMERSOOQ. The company reported a net sales of 140.7 mDKK in 2023, demonstrating a growth of 64 % compared to the previous year. The operating profit percentage was at 34.2 % (EBIT: 48.1 mDKK), while net earnings were 29.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 26.3 %, which can be considered excellent and Return on Equity (ROE) was 112.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 22.1 %, 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. Pelagic 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.