ROYAL GREENLAND A/S — Credit Rating and Financial Key Figures

CVR number: 13645183
Qasapi 4, 3900 Nuuk

Credit rating

Company information

Official name
ROYAL GREENLAND A/S
Established
1989
Company form
Limited company
Industry
  • Expand more icon10Manufacture of food products

About ROYAL GREENLAND A/S

ROYAL GREENLAND A/S (CVR number: 13645183K) is a company from SERMERSOOQ. The company reported a net sales of 5795.7 mDKK in 2023, demonstrating a growth of 0.7 % compared to the previous year. The operating profit percentage was poor at -1.4 % (EBIT: -80.7 mDKK), while net earnings were -210.8 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor and Return on Equity (ROE) was -12.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 27 %, 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. ROYAL GREENLAND A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales5 327.004 849.005 638.005 756.595 795.66
Gross profit5 327.004 849.005 638.00462.661 739.76
EBIT5 327.004 849.005 638.00273.67-80.71
Net earnings311.00-57.00257.00186.47- 210.80
Shareholders equity total2 062.111 750.76
Balance sheet total (assets)6 721.946 482.64
Net debt3 678.853 793.98
Profitability
EBIT-%100.0 %100.0 %100.0 %4.8 %-1.4 %
ROA230.9 %5.9 %-0.2 %
ROE42.4 %10.2 %-12.7 %
ROI275.6 %6.7 %-0.2 %
Economic value added (EVA)5 187.894 849.005 638.00206.40- 282.35
Solvency
Equity ratio30.7 %27.0 %
Gearing180.5 %218.9 %
Relative net indebtedness %78.3 %79.6 %
Liquidity
Quick ratio0.70.5
Current ratio1.71.3
Cash and cash equivalents43.9438.35
Capital use efficiency
Trade debtors turnover (days)59.150.5
Net working capital %25.2 %12.2 %
Credit risk
Credit ratingBCCAA

Variable visualization

ROA:-0.15%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:27.0%
Rating: 24/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer
Chief executive officer
Board member
Chief executive officer
Chairman of the board

Companies in the same industry

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