3XH TRADING AS: årsregnskap 2018 vs 2017
Shrank 21% on revenue
approved 2019-06-08; registry 2020-02-29; journal 2020 222348
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3XH TRADING AS. Revenue 983.5k NOK → 777.5k NOK (-20.9%). Equity -116.6k NOK → 30.0k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3XH TRADING AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -116.6k NOK → 30.0k NOK (equity ratio -113.1% → 19.5%). Calculated
-
↑
Cash rose
Bank deposits 1 779 NOK → 131.9k NOK (+7316.6% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.47× → 1.24×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 983.5k NOK to 777.5k NOK (-20.9% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3 NOK → 271.4k NOK (0% → 35% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 45.2k NOK → 19.2k NOK (-57.5% YoY). Calculated