FirmaIQ
Org.nr 998 354 706 2020 → 2021 Year-over-year analysis

4 SEAS AS: årsregnskap 2021 vs 2020

Stronger earnings

approved 2022-06-27; registry 2022-07-13; journal 2022 635709

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 4 SEAS AS. Net result -2.35m NOK → -661.0k NOK. Equity -1.24m NOK → -1.90m NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 SEAS AS.

At a glance

Scorecard

Operating result
-2.14m NOK -472.9k NOK
+77.9%
Net result
-2.35m NOK -661.0k NOK
+71.9%
Equity
-1.24m NOK -1.90m NOK
-53.4%
Cash
66.8k NOK 172.7k NOK
+158.7%
Total assets
7.05m NOK 7.17m NOK
+1.6%

What improved

  • ↑

    Operating result improved

    Operating result -2.14m NOK → -472.9k NOK. Calculated

  • ↑

    Net result improved

    Net result -2.35m NOK → -661.0k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 66.8k NOK → 172.7k NOK (+158.7% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -1.24m NOK → -1.90m NOK (equity ratio -17.6% → -26.5%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.60× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -26.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation