Illuigaq ApS — Credit Rating and Financial Key Figures

Illuigaq ApS (CVR number: 44842580) is a company from SERMERSOOQ. The company recorded a gross profit of 772.6 kDKK in 2023. The operating profit was 484.9 kDKK, while net earnings were 352.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak but Return on Equity (ROE) was 7.3 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 27.8 %, 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. Illuigaq ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.