ADVENTURES CAPITAL AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-08-11; registry 2020-09-05; journal 2020 760784
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENTURES CAPITAL AS. Equity 19.6k NOK → -117.5k NOK.
On the constructive side: cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVENTURES CAPITAL AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 19.6k NOK → 25.7k NOK (+31.3% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 19.6k NOK → -117.5k NOK (equity ratio 99.8% → -26.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 653.63× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -26.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation