0DIN HOLDING AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-06-22; registry 2020-07-01; journal 2020 512715
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 0DIN HOLDING AS. Net result +236.7k NOK → -58.2k NOK. Equity 70.6k NOK → 12.4k NOK.
On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 0DIN HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -31.6k NOK → -14.3k NOK. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 236.7k NOK profit to a loss of 58.2k NOK. Calculated
-
↓
Equity eroded
Book equity 70.6k NOK → 12.4k NOK (equity ratio 6.9% → 1.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.52× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation