Innovation South Greenland A/S — Credit Rating and Financial Key Figures

CVR number: 40721436
Torvevej 34, 3920 Qaqortoq

Credit rating

Company information

Official name
Innovation South Greenland A/S
Established
2019
Company form
Limited company
Industry

About Innovation South Greenland A/S

Innovation South Greenland A/S (CVR number: 40721436) is a company from KUJALLEQ. The company reported a net sales of 9.7 mDKK in 2023, demonstrating a growth of 25.3 % compared to the previous year. The operating profit percentage was at 7.9 % (EBIT: 0.8 mDKK), while net earnings were 609.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 24.8 %, which can be considered excellent and Return on Equity (ROE) was 50 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.8 %, 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. Innovation South Greenland A/S's liquidity measured by quick ratio was 1.6 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
2019
2020
2021
2022
2023
Volume
Net sales1 712.006 000.006 650.007 717.009 669.24
Gross profit342.963 039.042 775.644 166.155 751.83
EBIT- 132.85262.97- 346.16482.36765.38
Net earnings-78.16154.49- 271.62340.51609.51
Shareholders equity total421.84576.34304.72645.231 794.03
Balance sheet total (assets)1 486.221 195.571 125.901 888.604 628.86
Net debt-1 169.72- 784.06- 877.25-1 818.37-2 804.59
Profitability
EBIT-%-7.8 %4.4 %-5.2 %6.3 %7.9 %
ROA-8.9 %19.6 %-29.8 %32.0 %24.8 %
ROE-18.5 %31.0 %-61.7 %71.7 %50.0 %
ROI-31.5 %52.7 %-78.6 %101.6 %66.1 %
Economic value added (EVA)-76.86207.60- 243.99383.33633.00
Solvency
Equity ratio28.4 %48.2 %27.1 %34.2 %38.8 %
Gearing
Relative net indebtedness %-6.2 %-2.7 %-0.8 %-7.5 %0.3 %
Liquidity
Quick ratio1.31.31.41.51.6
Current ratio1.31.31.41.51.6
Cash and cash equivalents1 169.72784.06877.251 818.372 804.59
Capital use efficiency
Trade debtors turnover (days)2.45.60.743.4
Net working capital %21.3 %3.5 %4.6 %8.4 %18.6 %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:24.8%
Rating: 80/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.8%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

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