Org.nr 899 309 162 2016 → 2017 Year-over-year analysis

ACAX DEVELOPMENT AS: årsregnskap 2017 vs 2016

Cash halved-plus

approved 2018-09-20; registry 2018-09-27; journal 2018 926958

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ACAX DEVELOPMENT AS. Revenue 101.4k NOK → 101.4k NOK (0.0%). Equity 11.6k NOK → -11.0k NOK.

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 ACAX DEVELOPMENT AS.

At a glance

Revenue

101.4k NOK 101.4k NOK

0.0%

Operating result

+12.5k NOK n/m

—

Net result

+11.2k NOK n/m

—

Equity

11.6k NOK -11.0k NOK

-194.6%

Cash

16.9k NOK 4 096 NOK

-75.8%

Total assets

39.8k NOK 21.7k NOK

-45.4%

↓
Equity eroded

Book equity 11.6k NOK → -11.0k NOK (equity ratio 29.1% → -50.5%). Calculated
↓
Cash fell

Bank deposits 16.9k NOK → 4 096 NOK (-75.8% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.41× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -50.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation