60° North Greenland ApS — Credit Rating and Financial Key Figures

CVR number: 12716710
Havnevej, 3920 Qaqortoq

Company information

Official name
60° North Greenland ApS
Established
2008
Company form
Private limited company
Industry

About 60° North Greenland ApS

60° North Greenland ApS (CVR number: 12716710) is a company from KUJALLEQ. The company recorded a gross profit of 30.1 mDKK in 2024. The operating profit was 12.3 mDKK, while net earnings were 9254.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.3 %, which can be considered excellent and Return on Equity (ROE) was 51.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 37.6 %, 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. 60° North Greenland ApS's liquidity measured by quick ratio was 0.7 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit18 259.3320 561.5226 540.6619 538.6430 077.10
EBIT-3 642.341 676.795 553.423 539.5012 255.63
Net earnings-3 112.871 264.163 699.901 795.359 254.94
Shareholders equity total6 256.567 520.7211 220.6313 015.9823 020.92
Balance sheet total (assets)39 501.7841 439.2943 499.1939 395.6261 351.02
Net debt21 710.4718 367.5516 585.1415 877.7618 750.61
Profitability
EBIT-%
ROA-7.2 %6.6 %14.2 %10.4 %28.3 %
ROE-39.8 %18.4 %39.5 %14.8 %51.4 %
ROI-10.0 %9.0 %19.9 %13.4 %35.2 %
Economic value added (EVA)-4 084.36- 347.122 635.74799.127 197.29
Solvency
Equity ratio17.4 %18.2 %25.8 %33.2 %37.6 %
Gearing349.9 %245.9 %149.5 %123.8 %81.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.40.50.40.7
Current ratio0.50.60.70.80.9
Cash and cash equivalents183.26126.24189.09234.0388.19
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBAAAA

Variable visualization

ROA:28.3%
Rating: 82/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:37.6%
Rating: 31/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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