Credit rating
Company information
About Time Solution ApS
Time Solution ApS (CVR number: 38010948) is a company from FREDERIKSBERG. The company recorded a gross profit of 420.8 kDKK in 2023. The operating profit was -176.3 kDKK, while net earnings were -142 kDKK. The profitability of the company measured by Return on Assets (ROA) was -22.1 %, which can be considered poor and Return on Equity (ROE) was -43.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -17.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Time Solution ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 1 015.24 | 2 177.87 | 1 298.94 | 972.29 | 420.83 |
EBIT | 81.73 | 798.35 | -4.21 | -26.70 | - 176.34 |
Net earnings | - 592.58 | 571.02 | -34.09 | -30.89 | - 141.97 |
Shareholders equity total | - 500.37 | 70.65 | 36.56 | 5.67 | - 136.30 |
Balance sheet total (assets) | 278.12 | 1 320.34 | 1 389.86 | 813.45 | 645.64 |
Net debt | 175.95 | - 188.31 | - 278.34 | - 251.80 | - 480.76 |
Profitability | |||||
EBIT-% | |||||
ROA | 8.6 % | 76.1 % | -0.1 % | -2.4 % | -22.1 % |
ROE | -320.0 % | 327.5 % | -63.6 % | -146.3 % | -43.6 % |
ROI | 31.2 % | 475.9 % | -1.6 % | -86.8 % | -3899.6 % |
Economic value added (EVA) | 79.30 | 634.12 | 3.91 | -11.15 | - 128.53 |
Solvency | |||||
Equity ratio | -64.3 % | 5.4 % | 2.6 % | 0.7 % | -17.4 % |
Gearing | -38.4 % | 69.8 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 0.0 | 0.4 | 0.4 | 0.5 | 0.7 |
Current ratio | 0.1 | 0.9 | 0.9 | 0.9 | 0.7 |
Cash and cash equivalents | 16.39 | 237.60 | 278.34 | 251.80 | 480.76 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | BB | BB | BB | B |
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