TIME INVESTMENTS A/S — Credit Rating and Financial Key Figures

CVR number: 29929491
Edlevej 6, 2900 Hellerup

Credit rating

Company information

Official name
TIME INVESTMENTS A/S
Established
2006
Company form
Limited company
Industry

About TIME INVESTMENTS A/S

TIME INVESTMENTS A/S (CVR number: 29929491) is a company from GENTOFTE. The company recorded a gross profit of -53.6 kDKK in 2023. The operating profit was -53.6 kDKK, while net earnings were -285.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -0.2 %, which can be considered poor and Return on Equity (ROE) was -2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -41.9 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TIME INVESTMENTS A/S'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.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-48.23-28.54-48.02-43.63-53.64
EBIT-48.23-28.54-48.02-43.63-53.64
Net earnings-6 111.57- 312.52- 267.29- 265.76- 285.94
Shareholders equity total-9 068.68-9 381.21-9 648.50-9 914.26-10 200.20
Balance sheet total (assets)224.1714 347.6214 342.1414 338.7114 160.56
Net debt8 823.878 829.368 762.798 691.578 797.40
Profitability
EBIT-%
ROA-0.5 %-0.2 %-0.2 %-0.2 %-0.2 %
ROE-187.6 %-4.3 %-1.9 %-1.9 %-2.0 %
ROI-0.5 %-0.3 %-0.5 %-0.5 %-0.6 %
Economic value added (EVA)111.77438.431 154.551 171.461 175.90
Solvency
Equity ratio-97.6 %-39.5 %-40.2 %-40.9 %-41.9 %
Gearing-99.8 %-96.4 %-93.0 %-89.8 %-86.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.00.00.00.0
Current ratio0.00.00.00.00.0
Cash and cash equivalents224.17218.69213.20209.7731.62
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:-0.22%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-41.9%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer

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