ABLEON MEDICAL AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-10-23; registry 2020-11-03; journal 2020 964864
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ABLEON MEDICAL AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -47.9k NOK → -200.5k NOK. Equity 170.3k NOK → -30.2k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABLEON MEDICAL AS.
At a glance
Scorecard
What deteriorated
-
↓
Operating result weakened
Operating result -59.8k NOK → -167.0k NOK. Calculated
-
↓
Net result weakened
Net result -47.9k NOK → -200.5k NOK. Calculated
-
↓
Equity eroded
Book equity 170.3k NOK → -30.2k NOK (equity ratio 55.5% → -3.3%). Calculated
-
↓
Cash fell
Bank deposits 8 613 NOK → 1 710 NOK (-80.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation