FirmaIQ
Org.nr 914 428 246 2019 → 2020 Year-over-year analysis

ADRIATIC TANKERS AS: årsregnskap 2020 vs 2019

Grew 415196% on revenue, stronger earnings

approved 2021-02-10; registry 2021-09-22; journal 2021 728228

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADRIATIC TANKERS AS. Revenue 2 713 NOK → 11.27m NOK (+415195.7%). Net result +11.9k NOK → +48.8k NOK. Equity 19.4k NOK → 68.2k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
2 713 NOK 11.27m NOK
+415195.7%
Operating result
+1.36m NOK +6.07m NOK
+345.6%
Net result
+11.9k NOK +48.8k NOK
+310.3%
Equity
19.4k NOK 68.2k NOK
+250.8%
Cash
1.22m NOK 1.00m NOK
-17.6%
Total assets
51.93m NOK 47.42m NOK
-8.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2 713 NOK to 11.27m NOK (+415195.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.36m NOK → +6.07m NOK (op. margin 50211.9% → 53.9%). Calculated

  • ↑

    Net result improved

    Net result +11.9k NOK → +48.8k NOK (net margin 438.0% → 0.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 19.4k NOK → 68.2k NOK (equity ratio 0.0% → 0.1%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.22m NOK → 1.00m NOK (-17.6% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1146.05× → 0.39× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated