GREENLAND AIRPORTS - MITTARFEQARFIIT A/S — Credit Rating and Financial Key Figures

CVR number: 12859724
Qeqertanut 1, 3905 Nuussuaq
info@airports.gl

Company information

Official name
GREENLAND AIRPORTS - MITTARFEQARFIIT A/S
Established
2016
Company form
Limited company
Industry

About GREENLAND AIRPORTS - MITTARFEQARFIIT A/S

GREENLAND AIRPORTS - MITTARFEQARFIIT A/S (CVR number: 12859724K) is a company from SERMERSOOQ. The company reported a net sales of 472.4 mDKK in 2024, demonstrating a decline of -8.4 % compared to the previous year. The operating profit percentage was poor at -77 % (EBIT: -363.7 mDKK), while net earnings were -208.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was -4.8 %, which can be considered poor and Return on Equity (ROE) was -10.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 53.7 %, 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 - MITTARFEQARFIIT A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2023
2024
Volume
Net sales515 504.00472 380.00
Gross profit255 087.00175 059.00
EBIT- 252 272.00- 363 730.00
Net earnings- 238 346.00- 208 456.00
Shareholders equity total2 660 206.002 604 142.00
Balance sheet total (assets)4 080 661.005 022 674.00
Net debt379 020.001 782 388.00
Profitability
EBIT-%-48.9 %-77.0 %
ROA-5.8 %-4.8 %
ROE-11.9 %-10.7 %
ROI-6.3 %-5.1 %
Economic value added (EVA)- 249 423.49- 527 829.40
Solvency
Equity ratio68.0 %53.7 %
Gearing43.3 %82.4 %
Relative net indebtedness %125.2 %434.2 %
Liquidity
Quick ratio4.20.7
Current ratio4.00.8
Cash and cash equivalents772 078.00363 957.00
Capital use efficiency
Trade debtors turnover (days)32.430.3
Net working capital %97.8 %-25.5 %
Credit risk
Credit ratingAA

Variable visualization

ROA:-4.79%
Rating: 15/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:53.7%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Chief executive officer

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