Org.nr 926 647 334 2022 → 2023 Year-over-year analysis

9 FJELL HOLDING AS: årsregnskap 2023 vs 2022

Another loss-making year

approved 2024-04-06; registry 2024-04-29; journal 2024 384466

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 9 FJELL HOLDING AS. Net result -19.4k NOK → -18.4k NOK. Equity 21.0k NOK → 2 618 NOK.

On the constructive side: operating result improved; net result improved; 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 9 FJELL HOLDING AS.

Scorecard

Revenue
0 NOK n/m
—
Operating result
-19.0k NOK -18.0k NOK
+5.3%
Net result
-19.4k NOK -18.4k NOK
+5.3%
Equity
21.0k NOK 2 618 NOK
-87.5%
Cash
312 NOK 1 607 NOK
+415.1%
Total assets
353.3k NOK 331.0k NOK
-6.3%

What improved

  • ↑

    Operating result improved

    Operating result -19.0k NOK → -18.0k NOK. Calculated

  • ↑

    Net result improved

    Net result -19.4k NOK → -18.4k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 312 NOK → 1 607 NOK (+415.1% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 21.0k NOK → 2 618 NOK (equity ratio 5.9% → 0.8%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 14.91× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation