10X CAPITAL AS: årsregnskap 2020 vs 2019
Grew 63% on revenue, cash halved-plus
approved 2021-07-05; registry 2021-07-27; journal 2021 592172
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 10X CAPITAL AS. Revenue 34.0k NOK → 55.3k NOK (+63.0%). Net result +21.1k NOK → +14.5k NOK. Equity -29.5k NOK → -15.0k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 10X CAPITAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 34.0k NOK to 55.3k NOK (+63.0% YoY). Calculated
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↑
Equity strengthened
Book equity -29.5k NOK → -15.0k NOK (equity ratio -109.7% → -421.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +21.1k NOK → +14.5k NOK (op. margin 62.0% → 26.2%). Calculated
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↓
Net result weakened
Net result +21.1k NOK → +14.5k NOK (net margin 62.0% → 26.2%). Calculated
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↓
Cash fell
Bank deposits 26.9k NOK → 3 556 NOK (-86.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -421.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation