A LARSEN INVEST AS: årsregnskap 2017 vs 2016
Stronger earnings, cash halved-plus
approved 2018-02-09; registry 2018-04-26; journal 2018 287539
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A LARSEN INVEST AS. Net result +315.4k NOK → +723.6k NOK. Equity 837.4k NOK → 9 NOK.
On the constructive side: net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A LARSEN INVEST AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +315.4k NOK → +723.6k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 837.4k NOK → 9 NOK (equity ratio 14.5% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 250.5k NOK → 66.4k NOK (-73.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.25× → 0.12× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation