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

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.