COWEN HOLDING AS

7037 TRONDHEIM

Finances

Return on Equity

10,89 %

Current Ratio

1,51

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	244 331 000	201 792 000	171 524 000	142 724 000
Net Income	3 578 000	6 314 000	7 648 000	6 708 000
Total Assets	87 366 000	87 602 000	70 002 000	58 795 000
Total Equity	32 846 000	29 417 000	28 726 000	20 916 000

Income (NOK)	2022	2021	2020	2019
Revenue	244 331 000	201 792 000	171 524 000	142 724 000
Expenditure	239 374 000	195 160 000	164 328 000	139 838 000
Operating Profit	4 957 000	6 631 000	7 197 000	2 886 000
Financial Income	1 152 000	321 000	1 432 000	550 000
Financial Costs	2 323 000	638 000	981 000	578 000
Financial Balance	−1 171 000	−317 000	451 000	−28 000
Earnings Before Tax	3 786 000	6 314 000	7 648 000	2 858 000
Tax	208 000	0	0	−3 850 000
Net Income	3 578 000	6 314 000	7 648 000	6 708 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 358 000	4 624 000	5 145 000	4 863 000
Total Current Assets	79 008 000	82 979 000	64 858 000	53 932 000
Total Assets	87 366 000	87 602 000	70 002 000	58 795 000
Total Retained Equity	17 303 000	14 022 000	11 447 000	3 634 000
Total Equity	32 846 000	29 417 000	28 726 000	20 916 000
Total Long-Term Debt	2 094 000	10 246 000	9 999 000	9 734 000
Total Current Debt	52 426 000	47 940 000	31 277 000	28 145 000
Total Equity and Debt	87 366 000	87 602 000	70 002 000	58 795 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	244 331 000	201 792 000	171 524 000	142 724 000
Other Income	0	0	0	0
Revenue	244 331 000	201 792 000	171 524 000	142 724 000
Cost of Goods Sold	39 502 000	26 318 000	17 916 000	8 010 000
Salary Costs	167 782 000	146 672 000	125 549 000	107 029 000
Depreciation	354 000	45 000	−4 000	−22 000
Impairment	0	1 019 000	0	0
Expenditure	239 374 000	195 160 000	164 328 000	139 838 000
Operating Profit	4 957 000	6 631 000	7 197 000	2 886 000
Financial Income	1 152 000	321 000	1 432 000	550 000
Financial Costs	2 323 000	638 000	981 000	578 000
Financial Balance	−1 171 000	−317 000	451 000	−28 000
Dividends	0	0	0	0
Net Income	3 578 000	6 314 000	7 648 000	6 708 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	−1 234 000	−2 468 000
Total Intangible Assets	3 850 000	4 010 000	3 883 000	3 721 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	683 000	614 000	562 000	442 000
Total Tangible Assets	683 000	614 000	562 000	442 000
Total Fiancial Fixed Assets	3 825 000	0	700 000	700 000
Total Fixed Assets	8 358 000	4 624 000	5 145 000	4 863 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	22 273 000	42 056 000	28 839 000	20 432 000
Total Current Assets	79 008 000	82 979 000	64 858 000	53 932 000
Total Assets	87 366 000	87 602 000	70 002 000	58 795 000
Total Equity	32 846 000	29 417 000	28 726 000	20 916 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 094 000	10 246 000	9 999 000	9 734 000
Creditors	13 964 000	7 865 000	4 889 000	5 340 000
Unpaid Taxes	19 093 000	15 719 000	14 390 000	11 958 000
Dividends	0	0	0	0
Other Current Debt	18 622 000	20 956 000	11 999 000	10 847 000
Total Current Debt	52 426 000	47 940 000	31 277 000	28 145 000
Total Equity and Debt	87 366 000	87 602 000	70 002 000	58 795 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,89 %	21,46 %	26,62 %	32,07 %
Debt-to-Equity Ratio	0,06	0,35	0,35	0,47
Operating Profit Margin	2,03 %	3,29 %	4,2 %	2,02 %
Current Ratio	1,51	1,73	2,07	1,92
Quick Ratio	1,51	1,73	2,07	1,92
Equity Ratio	0,38	0,34	0,41	0,36
Gross Profit Margin	83,83 %	86,96 %	89,55 %	94,39 %