Timatech ApS — Credit Rating and Financial Key Figures

Timatech ApS (CVR number: 38438263) is a company from GRIBSKOV. The company recorded a gross profit of 402.4 kDKK in 2019. The operating profit was 30.6 kDKK, while net earnings were 22.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.8 %, which can be considered good and Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 68.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Timatech ApS's liquidity measured by quick ratio was 3.2 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.