GREENLAND AIRPORTS INTERNATIONAL A/S — Credit Rating and Financial Key Figures

CVR number: 40149953
Qeqertanut 1, 3905 Nuussuaq
kair@kair.gl
Free credit report Annual report

Credit rating

Company information

Official name
GREENLAND AIRPORTS INTERNATIONAL A/S
Established
2019
Company form
Limited company
Industry

About GREENLAND AIRPORTS INTERNATIONAL A/S

GREENLAND AIRPORTS INTERNATIONAL A/S (CVR number: 40149953) is a company from SERMERSOOQ. The company recorded a gross profit of -53015 kDKK in 2024. The operating profit was -70.2 mDKK, while net earnings were 77.6 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.7 %, which can be considered weak and Return on Equity (ROE) was 3.8 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 50.3 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. GREENLAND AIRPORTS INTERNATIONAL A/S's liquidity measured by quick ratio was 0.2 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-4 808.00-16 651.00-17 742.00-22 722.00-53 015.00
EBIT-10 830.00-17 471.00-19 897.00-27 800.00-70 161.00
Net earnings-12 596.00-19 434.0062 224.00-10 420.0077 599.00
Shareholders equity total945 865.001 285 719.001 678 521.001 950 299.002 186 306.00
Balance sheet total (assets)1 212 726.001 792 793.002 451 396.003 277 626.004 536 500.00
Net debt- 293 928.0039 425.00422 976.001 003 571.002 168 335.00
Profitability
EBIT-%
ROA-0.9 %-1.1 %3.4 %-0.8 %1.7 %
ROE-1.5 %-1.7 %4.2 %-0.6 %3.8 %
ROI-1.0 %-1.2 %3.6 %-0.9 %1.8 %
Economic value added (EVA)-51 815.98-69 943.81- 100 292.29- 132 940.30- 246 970.19
Solvency
Equity ratio85.8 %78.8 %74.0 %62.9 %50.3 %
Gearing10.4 %27.5 %33.8 %59.6 %102.1 %
Relative net indebtedness %
Liquidity
Quick ratio3.53.91.31.50.2
Current ratio3.52.70.91.20.2
Cash and cash equivalents392 298.00313 776.00144 477.00158 935.0063 246.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:1.70%
Rating: 28/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:50.3%
Rating: 40/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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