FirmaIQ
Org.nr 914 333 164 2017 → 2018 Year-over-year analysis

ACADEMIA SPORTS AS: årsregnskap 2018 vs 2017

Shrank 56% on revenue, weaker earnings

approved 2019-07-23; registry 2019-07-30; journal 2019 827410

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ACADEMIA SPORTS AS. Revenue 369.2k NOK → 162.7k NOK (-55.9%). Net result -8 361 NOK → -39.1k NOK. Equity 13.4k NOK → -25.6k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACADEMIA SPORTS AS.

At a glance

Scorecard

Revenue
369.2k NOK 162.7k NOK
-55.9%
Net result
-8 361 NOK -39.1k NOK
-367.6%
Equity
13.4k NOK -25.6k NOK
-290.6%
Cash
9 019 NOK 9 962 NOK
+10.5%
Total assets
5.59m NOK 6.29m NOK
+12.5%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio -0.05× → 1.51×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 369.2k NOK to 162.7k NOK (-55.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result -8 361 NOK → -39.1k NOK (net margin -2.3% → -24.0%). Calculated

  • ↓

    Equity eroded

    Book equity 13.4k NOK → -25.6k NOK (equity ratio 0.2% → -0.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation