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

CVR number: 40149953
Qeqertanut 1, 3905 Nuussuaq
kair@kair.gl

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 -22722 kDKK in 2023. The operating profit was -27.8 mDKK, while net earnings were -10.4 mDKK. The profitability of the company measured by Return on Assets (ROA) was -0.8 %, which can be considered poor and Return on Equity (ROE) was -0.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 62.9 %, 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. GREENLAND AIRPORTS INTERNATIONAL A/S's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-4 635.16-4 808.00-16 651.00-17 742.00-22 722.00
EBIT-10 185.26-10 830.00-17 471.00-19 897.00-27 800.00
Net earnings-11 062.03-12 596.00-19 434.0062 224.00-10 420.00
Shareholders equity total716 627.91945 865.001 285 719.001 678 521.001 950 299.00
Balance sheet total (assets)898 167.961 212 726.001 792 793.002 451 396.003 277 626.00
Net debt- 406 380.19- 293 928.0039 425.00422 976.001 003 571.00
Profitability
EBIT-%
ROA-1.1 %-0.9 %-1.1 %3.4 %-0.8 %
ROE-1.5 %-1.5 %-1.7 %4.2 %-0.6 %
ROI-1.2 %-1.0 %-1.2 %3.6 %-0.9 %
Economic value added (EVA)-10 185.26-21 444.52-48 964.38-80 030.08- 118 728.09
Solvency
Equity ratio90.3 %85.8 %78.8 %74.0 %62.9 %
Gearing13.8 %10.4 %27.5 %33.8 %59.6 %
Relative net indebtedness %
Liquidity
Quick ratio10.33.53.91.31.5
Current ratio10.33.52.70.91.2
Cash and cash equivalents505 393.63392 298.00313 776.00144 477.00158 935.00
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:-0.80%
Rating: 19/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:62.9%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer
Chairman of the board

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