RINGSTAD RACING AS

3271 LARVIK

Finances

Share Ownership

Return on Equity

790,16 %

Current Ratio

0,68

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	968 000	1 070 000	1 103 000
Net Income	−482 000	−164 000	567 000
Total Assets	352 000	558 000	776 000
Total Equity	−61 000	422 000	586 000

Income (NOK)	2022	2021	2020
Revenue	968 000	1 070 000	1 103 000
Expenditure	1 438 000	1 293 000	378 000
Operating Profit	−471 000	−223 000	724 000
Financial Income	4 000	0	0
Financial Costs	2 000	−12 000	0
Financial Balance	2 000	12 000	0
Earnings Before Tax	−469 000	−211 000	724 000
Tax	14 000	−46 000	157 000
Net Income	−482 000	−164 000	567 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	71 000	468 000	484 000
Total Current Assets	281 000	90 000	292 000
Total Assets	352 000	558 000	776 000
Total Retained Equity	−91 000	392 000	556 000
Total Equity	−61 000	422 000	586 000
Total Long-Term Debt	0	0	13 000
Total Current Debt	412 000	136 000	177 000
Total Equity and Debt	352 000	558 000	776 000

Cash flow (NOK)	2022	2021	2020
Sales Income	968 000	767 000	369 000
Other Income	0	302 000	734 000
Revenue	968 000	1 070 000	1 103 000
Cost of Goods Sold	182 000	111 000	143 000
Salary Costs	643 000	417 000	74 000
Depreciation	0	50 000	12 000
Impairment	0	0	0
Expenditure	1 438 000	1 293 000	378 000
Operating Profit	−471 000	−223 000	724 000
Financial Income	4 000	0	0
Financial Costs	2 000	−12 000	0
Financial Balance	2 000	12 000	0
Dividends	0	0	0
Net Income	−482 000	−164 000	567 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	20 000	34 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	434 000	484 000
Total Tangible Assets	0	434 000	484 000
Total Fiancial Fixed Assets	51 000	0	0
Total Fixed Assets	71 000	468 000	484 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	298 000	69 000	153 000
Total Current Assets	281 000	90 000	292 000
Total Assets	352 000	558 000	776 000
Total Equity	−61 000	422 000	586 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	13 000
Creditors	276 000	53 000	15 000
Unpaid Taxes	54 000	35 000	10 000
Dividends	0	0	0
Other Current Debt	82 000	48 000	7 000
Total Current Debt	412 000	136 000	177 000
Total Equity and Debt	352 000	558 000	776 000

Financial indicators	2022	2021	2020
Return on Equity	790,16 %	−38,86 %	96,76 %
Debt-to-Equity Ratio	−0	0	0,02
Operating Profit Margin	−48,66 %	−20,84 %	65,64 %
Current Ratio	0,68	0,66	1,65
Quick Ratio	0,68	0,66	1,65
Equity Ratio	−0,17	0,76	0,76
Gross Profit Margin	81,2 %	89,63 %	87,04 %