POLAR SEAFOOD GREENLAND A/S — Credit Rating and Financial Key Figures

CVR number: 11812910
Imaneq 24, 3900 Nuuk

Credit rating

Company information

Official name
POLAR SEAFOOD GREENLAND A/S
Established
1984
Company form
Limited company
Industry

About POLAR SEAFOOD GREENLAND A/S

POLAR SEAFOOD GREENLAND A/S (CVR number: 11812910) is a company from SERMERSOOQ. The company reported a net sales of 830 mDKK in 2024, demonstrating a growth of 4.8 % compared to the previous year. The operating profit percentage was at 7.8 % (EBIT: 64.4 mDKK), while net earnings were 88.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent and Return on Equity (ROE) was 6.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 66.6 %, 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 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales612.92577.33884.76791.97829.99
Gross profit268.54325.42454.94278.46333.66
EBIT29.3781.83140.69-16.3564.42
Net earnings107.32174.06162.1659.7188.10
Shareholders equity total1 325.781 455.271 637.801 367.081 439.41
Balance sheet total (assets)1 832.822 116.712 127.342 091.132 159.77
Net debt292.22390.91211.67505.17492.55
Profitability
EBIT-%4.8 %14.2 %15.9 %-2.1 %7.8 %
ROA7.1 %10.8 %9.8 %4.0 %5.9 %
ROE8.3 %12.5 %10.5 %4.0 %6.3 %
ROI7.7 %11.3 %10.4 %3.9 %6.3 %
Economic value added (EVA)-64.70-29.229.83- 110.16-49.99
Solvency
Equity ratio72.3 %68.8 %77.0 %65.4 %66.6 %
Gearing22.7 %27.3 %13.4 %37.2 %34.7 %
Relative net indebtedness %69.1 %98.0 %44.8 %82.0 %76.7 %
Liquidity
Quick ratio0.20.10.20.50.8
Current ratio0.20.20.40.70.9
Cash and cash equivalents8.876.947.173.696.85
Capital use efficiency
Trade debtors turnover (days)2.70.20.10.220.5
Net working capital %-55.0 %-76.9 %-29.1 %-12.6 %-3.5 %
Credit risk
Credit ratingAAAAAAAAAAAA

Variable visualization

ROA:5.92%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:66.6%
Rating: 51/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member
Board member

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