Make sure value returned from coroutine overwrites default value in android kotlin

I would like to make sure queried value from database comes always later than default value.

For example

class SetTimeFragment : Fragment(){

    private lateinit var binding: FragmentSetTimeBinding

    override fun onCreateView(inflater: LayoutInflater, container: ViewGroup?, savedInstanceState: Bundle?): View {
        binding = FragmentSetTimeBinding.inflate(layoutInflater, container, false)

        val dbId = 3
        val defaultTime = LocalTime.now().toString()

        //Set default value
        binding.timeView.setText(defaultTime)


        lifecycleScope.launchWhenCreated {

            val itemList = withContext(Dispatchers.IO) {

                //This is Database query
                ObjectBox.store.boxFor(Data::class.java)[dbId]
            }

            // string from database e.g.12:30
            val newTime = itemList.dbTimeStr

            //overwrite default value with database query result
            binding.timeView.setText(newTime)
        }


        return binding.root
    }

} 

Currently, this code has no problem. But does coroutine possibly return value faster than default value? I mean, database value goes to view first, and default value overwrites it. If it possibly happens, how can I prevent it? Thank you.