STINGRAY BOATS NORGE AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

110,88 %

Current Ratio

0,69

Debt-to-Equity Ratio

−0

Key figures (NOK)	2019	2018	2017	2016
Revenue	22 501 000	23 690 000	21 868 000	24 730 000
Net Income	−5 462 000	−1 552 000	1 065 000	−129 000
Total Assets	13 902 000	16 111 000	17 746 000	9 572 000
Total Equity	−4 926 000	2 733 000	4 286 000	3 221 000

Income (NOK)	2019	2018	2017	2016
Revenue	22 501 000	23 690 000	21 868 000	24 730 000
Expenditure	27 617 000	24 989 000	20 365 000	24 658 000
Operating Profit	−5 115 000	−1 299 000	1 503 000	72 000
Financial Income	0	4 000	7 000	14 000
Financial Costs	347 000	258 000	143 000	215 000
Financial Balance	−347 000	−254 000	−136 000	−201 000
Earnings Before Tax	−5 462 000	−1 552 000	1 367 000	−129 000
Tax	0	0	302 000	0
Net Income	−5 462 000	−1 552 000	1 065 000	−129 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	829 000	55 000	240 000	55 000
Total Current Assets	13 073 000	16 056 000	17 506 000	9 517 000
Total Assets	13 902 000	16 111 000	17 746 000	9 572 000
Total Retained Equity	−5 026 000	2 633 000	4 186 000	3 121 000
Total Equity	−4 926 000	2 733 000	4 286 000	3 221 000
Total Long-Term Debt	0	1 000 000	0	0
Total Current Debt	18 829 000	12 378 000	13 460 000	6 351 000
Total Equity and Debt	13 902 000	16 111 000	17 746 000	9 572 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	22 427 000	23 673 000	21 818 000	24 729 000
Other Income	74 000	17 000	50 000	1 000
Revenue	22 501 000	23 690 000	21 868 000	24 730 000
Cost of Goods Sold	21 795 000	20 757 000	16 133 000	20 603 000
Salary Costs	2 883 000	2 645 000	2 510 000	2 247 000
Depreciation	26 000	0	8 000	0
Impairment	0	0	0	0
Expenditure	27 617 000	24 989 000	20 365 000	24 658 000
Operating Profit	−5 115 000	−1 299 000	1 503 000	72 000
Financial Income	0	4 000	7 000	14 000
Financial Costs	347 000	258 000	143 000	215 000
Financial Balance	−347 000	−254 000	−136 000	−201 000
Dividends	2 500 000	0	0	0
Net Income	−5 462 000	−1 552 000	1 065 000	−129 000

Balance details (NOK)	2019	2018	2017	2016
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	774 000	0	185 000	0
Total Tangible Assets	774 000	0	185 000	0
Total Fiancial Fixed Assets	55 000	55 000	55 000	55 000
Total Fixed Assets	829 000	55 000	240 000	55 000
Stock	12 215 000	10 487 000	9 606 000	7 097 000
Total Investments	0	0	0	0
Cash, Bank	86 000	100 000	123 000	99 000
Total Current Assets	13 073 000	16 056 000	17 506 000	9 517 000
Total Assets	13 902 000	16 111 000	17 746 000	9 572 000
Total Equity	−4 926 000	2 733 000	4 286 000	3 221 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 000 000	0	0
Creditors	14 710 000	5 405 000	5 620 000	1 270 000
Unpaid Taxes	786 000	930 000	2 027 000	1 134 000
Dividends	2 500 000	0	0	0
Other Current Debt	3 280 000	3 184 000	2 571 000	2 140 000
Total Current Debt	18 829 000	12 378 000	13 460 000	6 351 000
Total Equity and Debt	13 902 000	16 111 000	17 746 000	9 572 000

Financial indicators	2019	2018	2017	2016
Return on Equity	110,88 %	−56,79 %	24,85 %	−4 %
Debt-to-Equity Ratio	−0	0,37	0	0
Operating Profit Margin	−22,73 %	−5,48 %	6,87 %	0,29 %
Current Ratio	0,69	1,3	1,3	1,5
Quick Ratio	1,98	8,49	4,54	−12,76
Equity Ratio	−0,35	0,17	0,24	0,34
Gross Profit Margin	3,14 %	12,38 %	26,23 %	16,69 %