Org.nr 923 814 841 2022 → 2023 Year-over-year analysis

AIRTOX NORWAY AS: årsregnskap 2023 vs 2022

Another loss-making year

approved 2024-01-17; registry 2024-03-07; journal 2024 321379

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AIRTOX NORWAY AS. Net result -11.8k NOK → -9 076 NOK. Equity 897 NOK → -8 179 NOK.

On the constructive side: operating result improved; net result improved. 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 AIRTOX NORWAY AS.

Scorecard

Operating result
-11.8k NOK -9 076 NOK
+23.0%
Net result
-11.8k NOK -9 076 NOK
+23.0%
Equity
897 NOK -8 179 NOK
-1011.8%
Cash
28.8k NOK 28.4k NOK
-1.5%
Total assets
28.8k NOK 28.4k NOK
-1.5%

What improved

  • ↑

    Operating result improved

    Operating result -11.8k NOK → -9 076 NOK. Calculated

  • ↑

    Net result improved

    Net result -11.8k NOK → -9 076 NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 897 NOK → -8 179 NOK (equity ratio 3.1% → -28.8%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.03× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -28.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation