VISIT GREENLAND A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 16 206.05 | 18 991.29 | 19 652.63 | ||
Gross profit | 9 177.41 | 9 529.99 | 9 520.84 | 8 089.75 | 8 058.99 |
EBIT | 450.49 | 693.79 | 984.46 | 302.82 | 29.44 |
Net earnings | 396.16 | 637.30 | 949.09 | 369.82 | 104.06 |
Shareholders equity total | 4 076.36 | 4 713.66 | 5 662.74 | 6 032.57 | 6 136.63 |
Balance sheet total (assets) | 8 283.17 | 8 611.69 | 8 234.56 | 7 154.99 | 7 657.18 |
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 % | ||
ROA | 6.0 % | 8.2 % | 11.7 % | 4.9 % | 1.5 % |
ROE | 10.2 % | 14.5 % | 18.3 % | 6.3 % | 1.7 % |
ROI | 10.7 % | 15.2 % | 18.4 % | 6.3 % | 1.8 % |
Economic value added (EVA) | 386.69 | 720.79 | 987.62 | 270.16 | -68.09 |
Solvency | |||||
Equity ratio | 49.2 % | 54.7 % | 68.8 % | 84.3 % | 80.1 % |
Gearing | 4.1 % | 3.7 % | 3.1 % | 1.3 % | 3.6 % |
Relative net indebtedness % | -2.5 % | -15.6 % | -18.3 % | ||
Liquidity | |||||
Quick ratio | 1.4 | 1.7 | 2.4 | 4.6 | 3.9 |
Current ratio | 1.5 | 1.7 | 2.5 | 4.7 | 3.9 |
Cash and cash equivalents | 4 613.58 | 4 776.51 | 5 012.91 | 4 091.84 | 5 126.73 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 27.5 | 17.7 | 10.6 | ||
Net working capital % | 12.4 % | 22.2 % | 22.7 % | ||
Credit risk | |||||
Credit rating | A | BBB | A | A | A |
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