FirmaIQ
Org.nr 914 428 246 2018 → 2019 Year-over-year analysis

ADRIATIC TANKERS AS: årsregnskap 2019 vs 2018

Grew 244% on revenue, returned to profit

approved 2020-03-20; registry 2020-06-02; journal 2020 380222

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADRIATIC TANKERS AS. Revenue 789 NOK → 2 713 NOK (+243.9%). Net result -4 998 NOK → +11.9k NOK. Equity 7 557 NOK → 19.4k NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened.

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

At a glance

Scorecard

Revenue
789 NOK 2 713 NOK
+243.9%
Operating result
n/m +1.36m NOK
—
Net result
-4 998 NOK +11.9k NOK
+337.8%
Equity
7 557 NOK 19.4k NOK
+157.2%
Cash
7 557 NOK 1.22m NOK
+16004.6%
Total assets
7 557 NOK 51.93m NOK
+687055.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 789 NOK to 2 713 NOK (+243.9% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 4 998 NOK to a profit of 11.9k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 7 557 NOK → 19.4k NOK (equity ratio 100.0% → 0.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 7 557 NOK → 1.22m NOK (+16004.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation