60° North ApS — Credit Rating and Financial Key Figures

CVR number: 12638124
Havnevej, 3920 Qaqortoq

Company information

Official name
60° North ApS
Established
2011
Company form
Private limited company
Industry

About 60° North ApS

60° North ApS (CVR number: 12638124) is a company from KUJALLEQ. The company recorded a gross profit of 2072.2 kDKK in 2024. The operating profit was 1862.1 kDKK, while net earnings were 1323.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 30.6 %, which can be considered excellent and Return on Equity (ROE) was 36.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 55.6 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. 60° North ApS's liquidity measured by quick ratio was 2.7 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 profit1 338.241 536.95726.46714.992 072.24
EBIT1 078.021 308.87459.43433.291 862.07
Net earnings771.03962.03350.69276.671 323.66
Shareholders equity total1 361.672 323.712 674.402 951.074 274.73
Balance sheet total (assets)4 435.564 898.124 763.094 481.397 690.10
Net debt2 679.261 832.951 456.41805.822 239.65
Profitability
EBIT-%
ROA23.6 %28.0 %9.5 %9.4 %30.6 %
ROE79.0 %52.2 %14.0 %9.8 %36.6 %
ROI24.2 %29.5 %9.8 %9.5 %31.0 %
Economic value added (EVA)557.41749.13140.5489.141 174.88
Solvency
Equity ratio30.7 %47.4 %56.1 %65.9 %55.6 %
Gearing196.8 %78.9 %54.5 %27.3 %52.4 %
Relative net indebtedness %
Liquidity
Quick ratio2.7
Current ratio2.7
Cash and cash equivalents
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBA

Variable visualization

ROA:30.6%
Rating: 84/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:55.6%
Rating: 44/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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