TIme2BEntertained ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About TIme2BEntertained ApS
TIme2BEntertained ApS (CVR number: 38601938) is a company from HILLERØD. The company reported a net sales of 3.4 mDKK in 2022, demonstrating a growth of 390.6 % compared to the previous year. The operating profit percentage was at 19.6 % (EBIT: 0.7 mDKK), while net earnings were 530.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 36.4 %, which can be considered excellent and Return on Equity (ROE) was 85.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at -105.3 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TIme2BEntertained ApS's liquidity measured by quick ratio was 0.4 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 7.00 | 698.00 | 3 424.64 | ||
| Gross profit | -53.00 | - 569.00 | - 330.00 | - 378.00 | 1 297.76 |
| EBIT | -57.00 | - 640.00 | - 487.00 | - 707.00 | 669.88 |
| Net earnings | -45.00 | - 526.00 | - 393.00 | - 556.00 | 530.20 |
| Shareholders equity total | -50.00 | - 576.00 | - 969.00 | -1 485.00 | - 954.93 |
| Balance sheet total (assets) | 276.00 | 162.00 | 609.00 | 746.00 | 497.19 |
| Net debt | 268.00 | 718.00 | 688.00 | 162.00 | 183.21 |
| Profitability | |||||
| EBIT-% | -9142.9 % | -101.3 % | 19.6 % | ||
| ROA | -17.2 % | -120.3 % | -42.1 % | -37.1 % | 36.4 % |
| ROE | -16.3 % | -240.2 % | -101.9 % | -82.1 % | 85.3 % |
| ROI | -17.7 % | -123.2 % | -60.3 % | -93.8 % | 116.9 % |
| Economic value added (EVA) | -43.97 | - 510.35 | - 355.38 | - 500.24 | 619.65 |
| Solvency | |||||
| Equity ratio | -15.3 % | -78.0 % | -61.4 % | -148.1 % | -105.3 % |
| Gearing | -642.0 % | -124.7 % | -77.5 % | -28.6 % | -33.9 % |
| Relative net indebtedness % | 10542.9 % | 281.9 % | 38.3 % | ||
| Liquidity | |||||
| Quick ratio | 16.4 | 1.1 | 2.1 | 0.6 | 0.4 |
| Current ratio | 52.6 | 1.1 | 8.9 | 0.2 | 0.2 |
| Cash and cash equivalents | 53.00 | 63.00 | 263.00 | 140.92 | |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | 28.6 % | -193.7 % | -21.4 % | ||
| Credit risk | |||||
| Credit rating | BB | B | B | B | B |
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