4CAR AS: årsregnskap 2023 vs 2022
Weaker earnings, cash halved-plus
registry 2024-06-03; journal 2024 473727
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4CAR AS. Net result -6 993 NOK → -56.9k NOK. Equity 23.0k NOK → -39.5k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4CAR AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -6 993 NOK → -56.9k NOK. Calculated
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↓
Net result weakened
Net result -6 993 NOK → -56.9k NOK. Calculated
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↓
Equity eroded
Book equity 23.0k NOK → -39.5k NOK (equity ratio 76.7% → -4742.9%). Calculated
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↓
Cash fell
Bank deposits 30.0k NOK → 833 NOK (-97.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.29× → 0.02× — 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 -4742.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation