LONDON MINING GREENLAND A/S — Credit Rating and Financial Key Figures

CVR number: 12523122
Qullilerfik 2, 3900 Nuuk
Free credit report Annual report

Company information

Official name
LONDON MINING GREENLAND A/S
Established
2008
Company form
Limited company
Industry

About LONDON MINING GREENLAND A/S

LONDON MINING GREENLAND A/S (CVR number: 12523122) is a company from SERMERSOOQ. The company recorded a gross profit of -524.5 kDKK in 2024. The operating profit was -1210.1 kDKK, while net earnings were -1165.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -6.9 %, which can be considered poor and Return on Equity (ROE) was -31.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -78.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. LONDON MINING GREENLAND A/S's liquidity measured by quick ratio was 2.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-5 337.54-1 020.38338.55- 287.21- 524.53
EBIT-5 820.63-1 524.78- 310.37- 960.71-1 210.07
Net earnings-5 858.47-1 551.77- 330.52- 917.53-1 165.88
Shareholders equity total-9 806.78-11 358.55-11 689.07-12 606.60-13 772.48
Balance sheet total (assets)4 004.253 643.723 494.213 616.373 853.36
Net debt- 505.00- 144.47-6.53- 128.69- 365.68
Profitability
EBIT-%
ROA-44.5 %-10.6 %-2.1 %-5.8 %-6.9 %
ROE-94.3 %-40.6 %-9.3 %-25.8 %-31.2 %
ROI-86.4 %-18.6 %-2.1 %-5.9 %-6.9 %
Economic value added (EVA)-5 697.62-1 107.37185.02- 373.34- 576.59
Solvency
Equity ratio-71.0 %-75.7 %-77.0 %-77.7 %-78.1 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio3.81.20.01.42.6
Current ratio3.81.20.01.42.6
Cash and cash equivalents505.00144.476.53128.69365.68
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingCBBBBB

Variable visualization

ROA:-6.87%
Rating: 13/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-78.1%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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