70 GRADER N TRANSPORT AS: årsregnskap 2023 vs 2022
Weaker earnings
approved 2024-06-19; registry 2024-07-18; journal 2024 649954
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 70 GRADER N TRANSPORT AS. Revenue 3.67m NOK → 3.49m NOK (-4.8%). Net result +333.6k NOK → +85.5k NOK. Equity 918.5k NOK → 1 004 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 70 GRADER N TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.39× → 6.52×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.67m NOK to 3.49m NOK (-4.8% YoY). Calculated
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↓
Operating result weakened
Operating result +427.9k NOK → +117.4k NOK (op. margin 11.7% → 3.4%). Calculated
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↓
Net result weakened
Net result +333.6k NOK → +85.5k NOK (net margin 9.1% → 2.4%). Calculated
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↓
Equity eroded
Book equity 918.5k NOK → 1 004 NOK (equity ratio 606.8% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 992.9k NOK → 976.9k NOK (-1.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 930.8k NOK → 569.6k NOK (-38.8% YoY). Calculated