TEX-TIME ApS — Credit Rating and Financial Key Figures

TEX-TIME ApS (CVR number: 16980897) is a company from HERNING. The company recorded a gross profit of -1 kDKK in 2016. The operating profit was -1 kDKK, while net earnings were 14.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.6 %, which can be considered weak and Return on Equity (ROE) was 3.5 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 72 %, 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. TEX-TIME ApS's liquidity measured by quick ratio was 3.6 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.