Credit rating
Company information
About GOLDEN TIMES ApS
GOLDEN TIMES ApS (CVR number: 20484187) is a company from AALBORG. The company recorded a gross profit of 1583.3 kDKK in 2023. The operating profit was -7.3 kDKK, while net earnings were -42.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.1 %, which can be considered weak but Return on Equity (ROE) was -1.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 53.6 %, 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. GOLDEN TIMES ApS's liquidity measured by quick ratio was 0.6 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 652.69 | 1 650.48 | 1 368.75 | 1 292.56 | 1 583.28 |
EBIT | -25.39 | -15.47 | - 476.15 | - 465.78 | -7.28 |
Net earnings | -11.09 | 0.43 | - 390.55 | - 396.52 | -42.44 |
Shareholders equity total | 3 642.96 | 3 643.40 | 3 252.84 | 2 856.32 | 2 813.88 |
Balance sheet total (assets) | 4 592.66 | 4 327.64 | 4 902.48 | 5 252.04 | 5 249.99 |
Net debt | - 616.31 | -1 247.58 | 513.97 | 1 072.31 | 789.22 |
Profitability | |||||
EBIT-% | |||||
ROA | -0.2 % | 0.1 % | -10.2 % | -8.9 % | 0.1 % |
ROE | -0.3 % | 0.0 % | -11.3 % | -13.0 % | -1.5 % |
ROI | -0.2 % | 0.1 % | -11.5 % | -9.7 % | 0.1 % |
Economic value added (EVA) | - 162.85 | - 160.53 | - 489.16 | - 489.61 | - 105.28 |
Solvency | |||||
Equity ratio | 79.3 % | 84.2 % | 66.4 % | 54.4 % | 53.6 % |
Gearing | 3.8 % | 1.4 % | 38.5 % | 68.2 % | 66.0 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.9 | 2.4 | 0.7 | 0.5 | 0.6 |
Current ratio | 4.7 | 6.1 | 2.6 | 2.0 | 2.0 |
Cash and cash equivalents | 756.24 | 1 300.01 | 739.46 | 874.28 | 1 067.10 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | A |
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