A-Å ELEKTRO AS: årsregnskap 2019 vs 2018
Shrank 7% on revenue, cash halved-plus
approved 2020-02-07; registry 2020-06-08; journal 2020 398017
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-Å ELEKTRO AS. Revenue 4.09m NOK → 3.81m NOK (-6.8%). Equity 12.96m NOK → 12 NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A-Å ELEKTRO AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.37× → 1.32×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.09m NOK to 3.81m NOK (-6.8% YoY). Calculated
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↓
Equity eroded
Book equity 12.96m NOK → 12 NOK (equity ratio 926.0% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 744.8k NOK → 308.7k NOK (-58.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.72m NOK → 1.58m NOK (-8.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 38.0k NOK → 762.4k NOK. Reported fact