Twentyninetimes ApS — Credit Rating and Financial Key Figures

Twentyninetimes ApS (CVR number: 41803096) is a company from AARHUS. The company reported a net sales of 8.9 mDKK in 2023, demonstrating a growth of 10.8 % compared to the previous year. The operating profit percentage was at 5.3 % (EBIT: 0.5 mDKK), while net earnings were 352.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 25.5 %, which can be considered excellent and Return on Equity (ROE) was 47.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 41.3 %, 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. Twentyninetimes ApS'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.