GOLDEN TIMES ApS — Credit Rating and Financial Key Figures
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 1353.5 kDKK in 2024. The operating profit was -462.6 kDKK, while net earnings were -379.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.7 %, which can be considered poor and Return on Equity (ROE) was -14.4 %, 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. GOLDEN TIMES ApS's liquidity measured by quick ratio was 1.9 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.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 650.48 | 1 368.75 | 1 292.56 | 1 583.28 | 1 353.50 |
| EBIT | -15.47 | - 476.15 | - 465.78 | -7.28 | - 462.61 |
| Net earnings | 0.43 | - 390.55 | - 396.52 | -42.44 | - 379.06 |
| Shareholders equity total | 3 643.40 | 3 252.84 | 2 856.32 | 2 813.88 | 2 434.82 |
| Balance sheet total (assets) | 4 327.64 | 4 902.48 | 5 252.04 | 5 249.99 | 4 772.57 |
| Net debt | -1 247.58 | 513.97 | 1 072.31 | 789.22 | - 102.34 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 0.1 % | -10.2 % | -8.9 % | 0.1 % | -8.7 % |
| ROE | 0.0 % | -11.3 % | -13.0 % | -1.5 % | -14.4 % |
| ROI | 0.1 % | -11.5 % | -9.7 % | 0.1 % | -10.8 % |
| Economic value added (EVA) | - 205.56 | - 557.12 | - 589.75 | - 247.03 | - 596.45 |
| Solvency | |||||
| Equity ratio | 84.2 % | 66.4 % | 54.4 % | 53.6 % | 51.0 % |
| Gearing | 1.4 % | 38.5 % | 68.2 % | 66.0 % | 37.4 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 2.4 | 0.7 | 0.5 | 0.6 | 1.9 |
| Current ratio | 6.1 | 2.6 | 2.0 | 2.0 | 1.9 |
| Cash and cash equivalents | 1 300.01 | 739.46 | 874.28 | 1 067.10 | 1 014.14 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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