TIME DEVELOPMENT ApS

TIME DEVELOPMENT ApS (CVR number: 33358202) is a company from ODDER. The company recorded a gross profit of 311.6 kDKK in 2023. The operating profit was 245.2 kDKK, while net earnings were 102.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.6 %, which can be considered weak and Return on Equity (ROE) was 1.9 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 50.3 %, 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. TIME DEVELOPMENT ApS's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.