AIRHILL AEROSPACE TECHNOLOGIES AS: årsregnskap 2015 vs 2014
Another loss-making year
approved 2016-06-21; registry 2016-07-16; journal 2016 685822
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for AIRHILL AEROSPACE TECHNOLOGIES AS. Equity 343.7k NOK → -145.5k NOK.
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 AIRHILL AEROSPACE TECHNOLOGIES AS.
At a glance
Scorecard
Net result
n/m
-489.2k NOK
—
Equity
343.7k NOK
-145.5k NOK
-142.3%
Cash
18 NOK
18 NOK
0.0%
Total assets
384.6k NOK
384.6k NOK
0.0%
What deteriorated
-
↓
Equity eroded
Book equity 343.7k NOK → -145.5k NOK (equity ratio 89.4% → -37.8%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 9.40× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -37.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation