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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 13.6 mDKK in 2025, demonstrating a growth of 0.3 % compared to the previous year. The operating profit percentage was at 5.7 % (EBIT: 0.8 mDKK), while net earnings were 582.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 17.9 %, which can be considered excellent and Return on Equity (ROE) was 25.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 63 %, 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. Innovation South Greenland A/S's liquidity measured by quick ratio was 2.7 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 financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 6 650.00 | 7 717.00 | 9 915.12 | 13 525.94 | 13 573.16 |
| Gross profit | 2 775.64 | 4 166.15 | 5 751.83 | 6 893.41 | 6 882.79 |
| EBIT | - 346.16 | 482.36 | 765.38 | 246.97 | 776.03 |
| Net earnings | - 271.62 | 340.51 | 609.51 | 234.83 | 582.71 |
| Shareholders equity total | 304.72 | 645.23 | 1 794.03 | 2 028.87 | 2 611.57 |
| Balance sheet total (assets) | 1 125.90 | 1 888.60 | 4 628.86 | 4 610.79 | 4 142.40 |
| Net debt | - 877.25 | -1 818.37 | -2 804.59 | -4 151.69 | -3 022.66 |
| Profitability | |||||
| EBIT-% | -5.2 % | 6.3 % | 7.7 % | 1.8 % | 5.7 % |
| ROA | -29.8 % | 32.0 % | 24.8 % | 6.9 % | 17.9 % |
| ROE | -61.7 % | 71.7 % | 50.0 % | 12.3 % | 25.1 % |
| ROI | -78.6 % | 101.6 % | 66.1 % | 16.7 % | 33.7 % |
| Economic value added (EVA) | - 283.39 | 339.25 | 541.62 | 94.71 | 480.00 |
| Solvency | |||||
| Equity ratio | 27.1 % | 34.2 % | 38.8 % | 44.0 % | 63.0 % |
| Gearing | |||||
| Relative net indebtedness % | -0.8 % | -7.5 % | 0.3 % | -11.6 % | -11.0 % |
| Liquidity | |||||
| Quick ratio | 1.4 | 1.5 | 1.6 | 1.8 | 2.7 |
| Current ratio | 1.4 | 1.5 | 1.6 | 1.8 | 2.7 |
| Cash and cash equivalents | 877.25 | 1 818.37 | 2 804.59 | 4 151.69 | 3 022.66 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 5.6 | 0.7 | 42.3 | 10.8 | 28.5 |
| Net working capital % | 4.6 % | 8.4 % | 18.1 % | 15.0 % | 19.2 % |
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | A | A |
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