Timi Asimi ApS — Credit Rating and Financial Key Figures

CVR number: 12823754
Fjeldvej 11, 3900 Nuuk
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Credit rating

Company information

Official name
Timi Asimi ApS
Established
2016
Company form
Private limited company
Industry

About Timi Asimi ApS

Timi Asimi ApS (CVR number: 12823754) is a company from SERMERSOOQ. The company recorded a gross profit of 12 mDKK in 2024. The operating profit was 449 kDKK, while net earnings were 160.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 6.3 %, which can be considered decent but Return on Equity (ROE) was 26.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 6.9 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. Timi Asimi ApS's liquidity measured by quick ratio was 0.1 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit4 254.086 416.117 216.717 359.4711 980.98
EBIT341.09114.32392.97200.54449.00
Net earnings308.2390.20246.83137.78160.84
Shareholders equity total50.17140.37387.20524.98685.82
Balance sheet total (assets)1 425.551 881.221 989.113 752.1010 446.55
Net debt- 357.15- 177.79454.25780.756 358.79
Profitability
EBIT-%
ROA27.9 %6.9 %20.3 %7.0 %6.3 %
ROE76.9 %94.7 %93.6 %30.2 %26.6 %
ROI851.1 %109.4 %67.6 %17.0 %9.9 %
Economic value added (EVA)352.9592.34280.8396.69261.74
Solvency
Equity ratio3.5 %7.5 %19.5 %14.0 %6.9 %
Gearing159.4 %150.6 %1009.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.60.50.60.10.1
Current ratio0.60.50.60.10.1
Cash and cash equivalents357.15177.79162.9910.00566.49
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBB

Variable visualization

ROA:6.32%
Rating: 47/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:6.91%
Rating: 7/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board

Companies in the same industry

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