2XH CONSULTING AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-08-28; registry 2020-10-01; journal 2020 887126
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2XH CONSULTING AS. Revenue 750.0k NOK → 750 NOK (-99.9%). Equity 25.2k NOK → 8 665 NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2XH CONSULTING AS.
At a glance
Scorecard
Revenue
750.0k NOK
750 NOK
-99.9%
Operating result
n/m
-16.6k NOK
—
Net result
n/m
+16.6k NOK
—
Equity
25.2k NOK
8 665 NOK
-65.7%
Cash
98.0k NOK
1 000 NOK
-99.0%
Total assets
100.4k NOK
291.2k NOK
+189.9%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 750.0k NOK to 750 NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 25.2k NOK → 8 665 NOK (equity ratio 25.1% → 3.0%). Calculated
-
↓
Cash fell
Bank deposits 98.0k NOK → 1 000 NOK (-99.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation