A/S Magnus Bergsgate 6: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-05-15; registry 2020-06-06; journal 2020 391366
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A/S Magnus Bergsgate 6. Revenue 910.5k NOK → 890.1k NOK (-2.2%). Equity -399.9k NOK → -397.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Magnus Bergsgate 6.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -399.9k NOK → -397.8k NOK (equity ratio -71.9% → -92.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 910.5k NOK to 890.1k NOK (-2.2% YoY). Calculated
-
↓
Cash fell
Bank deposits 111.4k NOK → 5 251 NOK (-95.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.76× — 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 -92.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation