AC CARS NORDIC AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-06-15; registry 2021-07-07; journal 2021 458569
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AC CARS NORDIC AS. Net result -48.4k NOK → -17.2k NOK. Equity -85.3k NOK → -102.5k NOK.
On the constructive side: operating result improved; 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 AC CARS NORDIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -48.4k NOK → -17.2k NOK. Calculated
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↑
Net result improved
Net result -48.4k NOK → -17.2k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -85.3k NOK → -102.5k NOK (equity ratio -1807.5% → -8646.0%). Calculated
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↓
Cash fell
Bank deposits 4 721 NOK → 1 186 NOK (-74.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.23× → 0.75× — 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 -8646.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation