RINGJORD ELEKTRO AS

9105 KVALØYA

Finances

Return on Equity

82,66 %

Current Ratio

1,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	42 902 000	46 768 000	28 120 000
Net Income	4 105 000	3 299 000	2 289 000
Total Assets	20 133 000	17 559 000	12 897 000
Total Equity	4 966 000	7 377 000	6 078 000

Income (NOK)	2022	2021	2020
Revenue	42 902 000	46 768 000	28 120 000
Expenditure	37 657 000	42 582 000	25 045 000
Operating Profit	5 245 000	4 186 000	3 075 000
Financial Income	23 000	44 000	29 000
Financial Costs	4 000	1 000	165 000
Financial Balance	19 000	43 000	−136 000
Earnings Before Tax	5 264 000	4 229 000	2 940 000
Tax	1 158 000	930 000	650 000
Net Income	4 105 000	3 299 000	2 289 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	4 223 000	1 486 000	1 276 000
Total Current Assets	15 910 000	16 073 000	11 621 000
Total Assets	20 133 000	17 559 000	12 897 000
Total Retained Equity	4 371 000	6 782 000	5 484 000
Total Equity	4 966 000	7 377 000	6 078 000
Total Long-Term Debt	0	0	0
Total Current Debt	15 167 000	10 182 000	6 819 000
Total Equity and Debt	20 133 000	17 559 000	12 897 000

Cash flow (NOK)	2022	2021	2020
Sales Income	42 594 000	46 533 000	28 015 000
Other Income	309 000	235 000	105 000
Revenue	42 902 000	46 768 000	28 120 000
Cost of Goods Sold	12 640 000	16 409 000	9 031 000
Salary Costs	17 877 000	18 412 000	12 005 000
Depreciation	331 000	435 000	443 000
Impairment	0	0	0
Expenditure	37 657 000	42 582 000	25 045 000
Operating Profit	5 245 000	4 186 000	3 075 000
Financial Income	23 000	44 000	29 000
Financial Costs	4 000	1 000	165 000
Financial Balance	19 000	43 000	−136 000
Dividends	6 000 000	2 000 000	306 000
Net Income	4 105 000	3 299 000	2 289 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	15 000	60 000	80 000
Real Eastate	45 000	0	0
Machinery and Plant Facilities	88 000	98 000	0
Fixtures	851 000	1 295 000	1 113 000
Total Tangible Assets	984 000	1 393 000	1 113 000
Total Fiancial Fixed Assets	3 224 000	33 000	83 000
Total Fixed Assets	4 223 000	1 486 000	1 276 000
Stock	2 129 000	2 516 000	1 454 000
Total Investments	0	0	0
Cash, Bank	6 288 000	4 331 000	5 459 000
Total Current Assets	15 910 000	16 073 000	11 621 000
Total Assets	20 133 000	17 559 000	12 897 000
Total Equity	4 966 000	7 377 000	6 078 000
Short-Term Group Debt	670 000	0	0
Total Long-Term Debt	0	0	0
Creditors	2 713 000	2 499 000	2 522 000
Unpaid Taxes	3 038 000	2 823 000	1 684 000
Dividends	6 000 000	2 000 000	306 000
Other Current Debt	1 779 000	1 950 000	1 628 000
Total Current Debt	15 167 000	10 182 000	6 819 000
Total Equity and Debt	20 133 000	17 559 000	12 897 000

Financial indicators	2022	2021	2020
Return on Equity	82,66 %	44,72 %	37,66 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	12,23 %	8,95 %	10,94 %
Current Ratio	1,05	1,58	1,7
Quick Ratio	1,22	2,1	2,17
Equity Ratio	0,25	0,42	0,47
Gross Profit Margin	70,54 %	64,91 %	67,88 %