Credit rating
Company information
About TIMM ApS
TIMM ApS (CVR number: 41118431) is a company from KOLDING. The company recorded a gross profit of 490.7 kDKK in 2023. The operating profit was -247.6 kDKK, while net earnings were -174.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was -30.9 %, which can be considered poor and Return on Equity (ROE) was -39.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51 %, 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. TIMM ApS's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | 942.52 | 910.17 | 828.98 | 490.67 |
EBIT | 390.42 | 229.23 | 39.59 | - 247.62 |
Net earnings | 296.47 | 173.28 | 16.94 | - 174.30 |
Shareholders equity total | 336.48 | 509.76 | 526.70 | 352.40 |
Balance sheet total (assets) | 624.97 | 817.17 | 850.83 | 690.79 |
Net debt | - 124.04 | 53.38 | 225.58 | 163.12 |
Profitability | ||||
EBIT-% | ||||
ROA | 62.5 % | 32.6 % | 5.6 % | -30.9 % |
ROE | 88.1 % | 41.0 % | 3.3 % | -39.7 % |
ROI | 113.5 % | 47.1 % | 6.4 % | -33.3 % |
Economic value added (EVA) | 302.33 | 164.69 | 6.79 | - 205.06 |
Solvency | ||||
Equity ratio | 53.8 % | 62.4 % | 61.9 % | 51.0 % |
Gearing | 27.3 % | 50.6 % | 77.8 % | |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 1.5 | 1.2 | 1.9 | 1.3 |
Current ratio | 1.5 | 1.2 | 1.9 | 1.3 |
Cash and cash equivalents | 124.04 | 85.54 | 40.73 | 111.02 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | BB | BB | BB | BB |
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