GREENLAND AIRPORTS - MITTARFEQARFIIT A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About GREENLAND AIRPORTS - MITTARFEQARFIIT A/S
GREENLAND AIRPORTS - MITTARFEQARFIIT A/S (CVR number: 12859724) is a company from SERMERSOOQ. The company reported a net sales of 84.1 mDKK in 2024, demonstrating a growth of 64.1 % compared to the previous year. The operating profit percentage was poor at -0.9 % (EBIT: -0.8 mDKK), while net earnings were -234.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was -12 %, which can be considered poor and Return on Equity (ROE) was -12.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. GREENLAND AIRPORTS - MITTARFEQARFIIT A/S's liquidity measured by quick ratio was 8.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 51 249.00 | 84 083.00 | |||
Gross profit | 6 944.00 | 17 465.00 | 23 402.00 | 34 511.00 | 53 237.00 |
EBIT | - 495.00 | - 315.00 | 1 211.00 | 2 817.00 | - 772.00 |
Net earnings | -18 691.00 | -22 205.00 | - 148 700.00 | - 234 872.00 | - 234 324.00 |
Shareholders equity total | 1 263 165.00 | 1 532 486.00 | 1 679 172.00 | 2 010 108.00 | 1 875 372.00 |
Balance sheet total (assets) | 1 311 171.00 | 1 537 728.00 | 1 683 693.00 | 2 017 554.00 | 1 892 624.00 |
Net debt | - 616 081.00 | - 614 763.00 | - 474 594.00 | - 428 954.00 | - 120 278.00 |
Profitability | |||||
EBIT-% | 5.5 % | -0.9 % | |||
ROA | -0.5 % | -0.5 % | -9.0 % | -12.7 % | -12.0 % |
ROE | -1.5 % | -1.6 % | -9.3 % | -12.7 % | -12.1 % |
ROI | -0.5 % | -0.5 % | -9.0 % | -12.7 % | -12.1 % |
Economic value added (EVA) | -64 846.83 | -63 789.04 | -75 878.13 | -81 565.71 | - 101 787.57 |
Solvency | |||||
Equity ratio | 96.3 % | 99.7 % | 99.7 % | 99.6 % | 99.1 % |
Gearing | 0.1 % | 0.0 % | 0.0 % | 0.0 % | |
Relative net indebtedness % | -822.8 % | -122.6 % | |||
Liquidity | |||||
Quick ratio | 13.1 | 119.9 | 111.1 | 60.2 | 8.6 |
Current ratio | 13.1 | 119.9 | 111.1 | 60.2 | 8.6 |
Cash and cash equivalents | 616 081.00 | 616 389.00 | 474 680.00 | 429 106.00 | 120 355.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 3.0 | 0.4 | |||
Net working capital % | 793.4 % | 145.1 % | |||
Credit risk | |||||
Credit rating | BBB | A | BBB | A | A |
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