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

CVR number: 21553182
Hans Egedesvej 29, 3900 Nuuk

Company information

Official name
VISIT GREENLAND A/S
Personnel
1 person
Established
1991
Company form
Limited company
Industry

About VISIT GREENLAND A/S

VISIT GREENLAND A/S (CVR number: 21553182) is a company from SERMERSOOQ. The company reported a net sales of 19.7 mDKK in 2024, demonstrating a growth of 3.5 % compared to the previous year. The operating profit percentage was at 0.1 % (EBIT: 0 mDKK), while net earnings were 104.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.5 %, which can be considered weak and Return on Equity (ROE) was 1.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 80.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. VISIT GREENLAND A/S's liquidity measured by quick ratio was 3.9 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales16 206.0518 991.2919 652.63
Gross profit9 177.419 529.999 520.848 089.758 058.99
EBIT450.49693.79984.46302.8229.44
Net earnings396.16637.30949.09369.82104.06
Shareholders equity total4 076.364 713.665 662.746 032.576 136.63
Balance sheet total (assets)8 283.178 611.698 234.567 154.997 657.18
Net debt-4 447.06-4 604.26-4 837.61-4 010.47-4 904.60
Profitability
EBIT-%2.8 %1.6 %0.1 %
ROA6.0 %8.2 %11.7 %4.9 %1.5 %
ROE10.2 %14.5 %18.3 %6.3 %1.7 %
ROI10.7 %15.2 %18.4 %6.3 %1.8 %
Economic value added (EVA)386.69720.79987.62270.16-68.09
Solvency
Equity ratio49.2 %54.7 %68.8 %84.3 %80.1 %
Gearing4.1 %3.7 %3.1 %1.3 %3.6 %
Relative net indebtedness %-2.5 %-15.6 %-18.3 %
Liquidity
Quick ratio1.41.72.44.63.9
Current ratio1.51.72.54.73.9
Cash and cash equivalents4 613.584 776.515 012.914 091.845 126.73
Capital use efficiency
Trade debtors turnover (days)27.517.710.6
Net working capital %12.4 %22.2 %22.7 %
Credit risk
Credit ratingABBBAAA

Variable visualization

ROA:1.54%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:80.1%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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