TIMMIARMIUT SHIPPING A/S — Credit Rating and Financial Key Figures

TIMMIARMIUT SHIPPING A/S (CVR number: 12688156) is a company from KØBENHAVN. The company recorded a gross profit of -55.8 kDKK in 2018. The operating profit was -55.8 kDKK, while net earnings were -387.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak but Return on Equity (ROE) was -2.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -22.2 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TIMMIARMIUT SHIPPING A/S's liquidity measured by quick ratio was 0.8 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.