Innovation South Greenland A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 712.00 | 6 000.00 | 6 650.00 | 7 717.00 | 9 669.24 |
Gross profit | 342.96 | 3 039.04 | 2 775.64 | 4 166.15 | 5 751.83 |
EBIT | - 132.85 | 262.97 | - 346.16 | 482.36 | 765.38 |
Net earnings | -78.16 | 154.49 | - 271.62 | 340.51 | 609.51 |
Shareholders equity total | 421.84 | 576.34 | 304.72 | 645.23 | 1 794.03 |
Balance sheet total (assets) | 1 486.22 | 1 195.57 | 1 125.90 | 1 888.60 | 4 628.86 |
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) | -76.86 | 207.60 | - 243.99 | 383.33 | 633.00 |
Solvency | |||||
Equity ratio | 28.4 % | 48.2 % | 27.1 % | 34.2 % | 38.8 % |
Gearing | |||||
Relative net indebtedness % | -6.2 % | -2.7 % | -0.8 % | -7.5 % | 0.3 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.3 | 1.4 | 1.5 | 1.6 |
Current ratio | 1.3 | 1.3 | 1.4 | 1.5 | 1.6 |
Cash and cash equivalents | 1 169.72 | 784.06 | 877.25 | 1 818.37 | 2 804.59 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 2.4 | 5.6 | 0.7 | 43.4 | |
Net working capital % | 21.3 % | 3.5 % | 4.6 % | 8.4 % | 18.6 % |
Credit risk | |||||
Credit rating | BB | BB | BB | BB | BBB |
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