TIME CONSTRUCTION A/S — Credit Rating and Financial Key Figures

TIME CONSTRUCTION A/S (CVR number: 30719123) is a company from ODDER. The company reported a net sales of 0.6 mDKK in 2023, demonstrating a decline of -97.9 % compared to the previous year. The operating profit percentage was poor at -485.6 % (EBIT: -2.9 mDKK), while net earnings were -2960.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was -45.6 %, which can be considered poor and Return on Equity (ROE) was -91.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -13.6 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. TIME CONSTRUCTION A/S's liquidity measured by quick ratio was 1.3 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.