4FRONT AS: årsregnskap 2016 vs 2015
Weaker earnings, cash halved-plus
approved 2017-05-31; registry 2017-07-25; journal 2017 766224
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 4FRONT AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -14.6k NOK → -45.0k NOK. Equity 15.4k NOK → -29.6k NOK.
Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4FRONT AS.
At a glance
Scorecard
What deteriorated
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↓
Net result weakened
Net result -14.6k NOK → -45.0k NOK. Calculated
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↓
Equity eroded
Book equity 15.4k NOK → -29.6k NOK (equity ratio 51.2% → -509.2%). Calculated
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↓
Cash fell
Bank deposits 30.0k NOK → 5 820 NOK (-80.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.05× → 0.16× — 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 -509.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation