RINGEN RØRSERVICE AS

0582 OSLO

Finances

Share Ownership

Return on Equity

217,65 %

Current Ratio

1,36

Debt-to-Equity Ratio

19,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 810 000	11 986 000	11 420 000	15 262 000
Net Income	185 000	296 000	−457 000	1 034 000
Total Assets	5 617 000	6 418 000	4 078 000	4 632 000
Total Equity	85 000	−100 000	−397 000	61 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 810 000	11 986 000	11 420 000	15 262 000
Expenditure	12 563 000	11 596 000	11 989 000	13 908 000
Operating Profit	248 000	391 000	−567 000	1 354 000
Financial Income	3 000	3 000	4 000	8 000
Financial Costs	13 000	13 000	23 000	34 000
Financial Balance	−10 000	−10 000	−19 000	−26 000
Earnings Before Tax	239 000	381 000	−586 000	1 328 000
Tax	53 000	84 000	−129 000	294 000
Net Income	185 000	296 000	−457 000	1 034 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	299 000	409 000	778 000	746 000
Total Current Assets	5 318 000	6 010 000	3 300 000	3 886 000
Total Assets	5 617 000	6 418 000	4 078 000	4 632 000
Total Retained Equity	55 000	−130 000	−427 000	41 000
Total Equity	85 000	−100 000	−397 000	61 000
Total Long-Term Debt	1 630 000	1 705 000	1 777 000	1 752 000
Total Current Debt	3 901 000	4 814 000	2 698 000	2 820 000
Total Equity and Debt	5 617 000	6 418 000	4 078 000	4 632 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 810 000	11 986 000	11 369 000	15 230 000
Other Income	0	0	51 000	31 000
Revenue	12 810 000	11 986 000	11 420 000	15 262 000
Cost of Goods Sold	6 728 000	5 006 000	5 910 000	7 045 000
Salary Costs	3 687 000	4 301 000	4 367 000	4 605 000
Depreciation	132 000	162 000	150 000	123 000
Impairment	0	0	0	0
Expenditure	12 563 000	11 596 000	11 989 000	13 908 000
Operating Profit	248 000	391 000	−567 000	1 354 000
Financial Income	3 000	3 000	4 000	8 000
Financial Costs	13 000	13 000	23 000	34 000
Financial Balance	−10 000	−10 000	−19 000	−26 000
Dividends	0	0	0	0
Net Income	185 000	296 000	−457 000	1 034 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	92 000	111 000	196 000	141 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	207 000	297 000	530 000	518 000
Total Tangible Assets	207 000	297 000	530 000	518 000
Total Fiancial Fixed Assets	0	0	52 000	86 000
Total Fixed Assets	299 000	409 000	778 000	746 000
Stock	1 792 000	2 929 000	542 000	0
Total Investments	0	0	0	0
Cash, Bank	2 295 000	1 594 000	1 641 000	2 932 000
Total Current Assets	5 318 000	6 010 000	3 300 000	3 886 000
Total Assets	5 617 000	6 418 000	4 078 000	4 632 000
Total Equity	85 000	−100 000	−397 000	61 000
Short-Term Group Debt	0	0	0	821 000
Total Long-Term Debt	1 630 000	1 705 000	1 777 000	1 752 000
Creditors	662 000	539 000	908 000	500 000
Unpaid Taxes	216 000	270 000	342 000	610 000
Dividends	0	0	0	0
Other Current Debt	2 989 000	4 004 000	1 448 000	814 000
Total Current Debt	3 901 000	4 814 000	2 698 000	2 820 000
Total Equity and Debt	5 617 000	6 418 000	4 078 000	4 632 000

Financial indicators	2022	2021	2020	2019
Return on Equity	217,65 %	−296 %	115,11 %	1 695,08 %
Debt-to-Equity Ratio	19,18	−17,05	−4,48	28,72
Operating Profit Margin	1,94 %	3,26 %	−4,96 %	8,87 %
Current Ratio	1,36	1,25	1,22	1,38
Quick Ratio	2,52	3,19	1,53	1,38
Equity Ratio	0,02	−0,02	−0,1	0,01
Gross Profit Margin	47,48 %	58,23 %	48,25 %	53,84 %