ABRAXAS AS: årsregnskap 1998 vs 1997
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ABRAXAS AS. Net result +1 997 NOK → +1 998 NOK. Equity -2 132 NOK → -2 132 NOK.
On the constructive side: operating result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABRAXAS AS.
At a glance
Scorecard
Operating result
-2 530 NOK
0 NOK
+100.0%
Net result
+1 997 NOK
+1 998 NOK
+0.1%
Equity
-2 132 NOK
-2 132 NOK
0.0%
Total assets
71.4k NOK
71 NOK
-99.9%
What improved
-
↑
Operating result improved
Operating result -2 530 NOK → 0 NOK. Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 32.41× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -3002.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation