ADVELA AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-04-30; registry 2020-05-06; journal 2020 331458
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVELA AS. Net result -25.2k NOK → -115.5k NOK. Equity -44.7k NOK → -160.2k NOK.
On the constructive side: current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVELA AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio -13.31× → 1.10×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -25.2k NOK → -115.5k NOK. Calculated
-
↓
Net result weakened
Net result -25.2k NOK → -115.5k NOK. Calculated
-
↓
Equity eroded
Book equity -44.7k NOK → -160.2k NOK (equity ratio -166.5% → -179.7%). Calculated
-
↓
Cash fell
Bank deposits 5 621 NOK → 253 NOK (-95.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -179.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation