3 TS HOLDING AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-08-06; registry 2018-08-11; journal 2018 906758
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3 TS HOLDING AS. Net result -23.2k NOK → -8 721 NOK. Equity 176.8k NOK → 168.1k NOK.
On the constructive side: net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 TS HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result -23.2k NOK → -8 721 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 176.8k NOK → 168.1k NOK (equity ratio 9.1% → 8.8%). Calculated
-
↓
Cash fell
Bank deposits 30.3k NOK → 12.4k NOK (-59.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 17.23× → 0.01× — 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 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation