POLAR SEAFOOD GREENLAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About POLAR SEAFOOD GREENLAND A/S
POLAR SEAFOOD GREENLAND A/S (CVR number: 11812910K) is a company from SERMERSOOQ. The company reported a net sales of 1588.1 mDKK in 2024, demonstrating a growth of 6.7 % compared to the previous year. The operating profit percentage was at 6 % (EBIT: 95.4 mDKK), while net earnings were 98.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 6.9 %, which can be considered decent and Return on Equity (ROE) was 7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 68 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. POLAR SEAFOOD GREENLAND A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 028.55 | 1 658.34 | 1 481.13 | 1 487.75 | 1 588.12 |
Gross profit | 887.54 | 630.30 | 634.55 | 543.96 | 616.16 |
EBIT | 286.10 | 171.25 | 148.11 | 48.37 | 95.37 |
Net earnings | 176.70 | 212.56 | 162.68 | 77.41 | 98.87 |
Shareholders equity total | 2 040.87 | 1 588.39 | 1 730.69 | 1 477.68 | 1 610.14 |
Balance sheet total (assets) | 2 698.33 | 2 201.81 | 2 226.42 | 2 205.89 | 2 368.14 |
Net debt | -30.41 | 206.83 | 12.36 | 278.19 | 276.50 |
Profitability | |||||
EBIT-% | 9.4 % | 10.3 % | 10.0 % | 3.3 % | 6.0 % |
ROA | 12.8 % | 11.3 % | 9.6 % | 5.2 % | 6.9 % |
ROE | 13.7 % | 15.3 % | 10.5 % | 5.2 % | 7.0 % |
ROI | 11.5 % | 12.6 % | 10.9 % | 5.6 % | 7.2 % |
Economic value added (EVA) | 101.28 | 9.00 | 15.32 | -59.99 | -30.08 |
Solvency | |||||
Equity ratio | 75.6 % | 72.1 % | 77.7 % | 67.0 % | 68.0 % |
Gearing | 8.5 % | 13.9 % | 2.1 % | 25.1 % | 19.9 % |
Relative net indebtedness % | 11.2 % | 29.3 % | 24.8 % | 36.7 % | 38.1 % |
Liquidity | |||||
Quick ratio | 1.5 | 0.2 | 0.5 | 0.9 | 1.3 |
Current ratio | 2.5 | 0.4 | 0.7 | 1.3 | 1.6 |
Cash and cash equivalents | 204.39 | 13.24 | 23.74 | 93.30 | 43.37 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 49.5 | 1.6 | 0.4 | 4.3 | 27.9 |
Net working capital % | 26.6 % | -17.8 % | -7.6 % | 6.3 % | 13.8 % |
Credit risk | |||||
Credit rating | AAA | AA | AAA | AAA | AAA |
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