501 HOLDING AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-09-30; registry 2020-10-08; journal 2020 931960
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 501 HOLDING AS. Net result -203 NOK → -17.1k NOK. Equity 24.2k NOK → 7 128 NOK.
On the constructive side: cash rose; current ratio back above 1×. 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 501 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 227 NOK → 377.2k NOK (+166079.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 4.64×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -206 NOK → -17.1k NOK. Calculated
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↓
Net result weakened
Net result -203 NOK → -17.1k NOK. Calculated
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↓
Equity eroded
Book equity 24.2k NOK → 7 128 NOK (equity ratio 41.5% → 8.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation