Greenland Airports Regional A/S — Credit Rating and Financial Key Figures

CVR number: 43739972
Qeqertanut 1, 3905 Nuussuaq
Free credit report Annual report

Credit rating

Company information

Official name
Greenland Airports Regional A/S
Established
2022
Company form
Limited company
Industry

About Greenland Airports Regional A/S

Greenland Airports Regional A/S (CVR number: 43739972) is a company from SERMERSOOQ. The company reported a net sales of 461.5 mDKK in 2024, demonstrating a decline of -0.6 % compared to the previous year. The operating profit percentage was poor at -63.5 % (EBIT: -292.8 mDKK), while net earnings were -291.2 mDKK. The profitability of the company measured by Return on Assets (ROA) was -78 %, which can be considered poor and Return on Equity (ROE) was -133.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 46.9 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. Greenland Airports Regional 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2023
2024
Volume
Net sales464 256.00461 452.00
Gross profit242 988.00199 184.00
EBIT- 227 290.00- 292 796.00
Net earnings- 236 123.00- 291 159.00
Shareholders equity total264 573.00172 362.00
Balance sheet total (assets)370 449.00367 782.00
Net debt- 178 464.00- 121 362.00
Profitability
EBIT-%-49.0 %-63.5 %
ROA-60.4 %-78.0 %
ROE-89.2 %-133.3 %
ROI-81.9 %-113.2 %
Economic value added (EVA)- 238 145.18- 306 902.26
Solvency
Equity ratio71.6 %46.9 %
Gearing2.1 %34.2 %
Relative net indebtedness %-17.5 %2.5 %
Liquidity
Quick ratio2.51.6
Current ratio3.22.2
Cash and cash equivalents184 038.00180 356.00
Capital use efficiency
Trade debtors turnover (days)37.224.3
Net working capital %42.4 %34.8 %
Credit risk
Credit ratingABBB

Variable visualization

ROA:-78.0%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:46.9%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board

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