5K INTERNATIONAL AS: årsregnskap 2016 vs 2015
Mixed movements in the accounts
approved 2017-06-14; registry 2017-06-24; journal 2017 526915
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 5K INTERNATIONAL AS. Equity 23.3k NOK → -25.8k NOK.
On the constructive side: 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 5K INTERNATIONAL AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 15.9k NOK → 71.3k NOK (+348.3% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 23.3k NOK → -25.8k NOK (equity ratio 81.9% → -31.5%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.98× → 0.73× — 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 -31.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation