Org.nr 992 975 032 2018 → 2019 Year-over-year analysis

AGIL HELSE AS: årsregnskap 2019 vs 2018

Shrank 38% on revenue

approved 2020-08-31; registry 2020-09-26; journal 2020 864511

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for AGIL HELSE AS. Revenue 41.60m NOK → 25.84m NOK (-37.9%). Equity 3.97m NOK → 0 NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGIL HELSE AS.

At a glance

Revenue

41.60m NOK 25.84m NOK

-37.9%

Operating result

n/m -8.23m NOK

—

Net result

n/m -6.63m NOK

—

Equity

3.97m NOK 0 NOK

-100.0%

Cash

176.1k NOK 176.1k NOK

0.0%

Total assets

15.71m NOK 10.34m NOK

-34.2%

↑
Payroll decreased

Salary cost 31.13m NOK → 20.58m NOK (75% → 80% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 41.60m NOK to 25.84m NOK (-37.9% YoY). Calculated
↓
Equity eroded

Book equity 3.97m NOK → 0 NOK (equity ratio 25.3% → 0.0%). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.14× → 0.66× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

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

COGS / varekostnad 4.80m NOK → 2.38m NOK (-50.5% YoY). Calculated