Greenland Water Bank ApS — Credit Rating and Financial Key Figures

Greenland Water Bank ApS (CVR number: 12941218) is a company from SERMERSOOQ. The company recorded a gross profit of 208.2 kDKK in 2024. The operating profit was 20.6 kDKK, while net earnings were -20 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak but Return on Equity (ROE) was -8.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 32.2 %, 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. Greenland Water Bank ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.