STINGRAY MARINE SOLUTIONS AS

0975 OSLO

Finances

Share Ownership

Return on Equity

0,52 %

Current Ratio

0,76

Debt-to-Equity Ratio

0,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	247 437 000	131 009 000	69 912 000	92 566 000
Net Income	373 000	−10 270 000	−18 240 000	6 161 000
Total Assets	228 233 000	171 375 000	146 729 000	135 493 000
Total Equity	71 744 000	71 370 000	81 641 000	87 700 000

Income (NOK)	2022	2021	2020	2019
Revenue	247 437 000	131 009 000	69 912 000	92 566 000
Expenditure	260 141 000	162 031 000	107 847 000	108 610 000
Operating Profit	3 234 000	−11 504 000	−21 248 000	3 754 000
Financial Income	514 000	261 000	273 000	83 000
Financial Costs	3 224 000	2 095 000	1 283 000	788 000
Financial Balance	−2 710 000	−1 834 000	−1 010 000	−705 000
Earnings Before Tax	524 000	−13 338 000	−22 258 000	3 048 000
Tax	150 000	−3 068 000	−4 018 000	−3 112 000
Net Income	373 000	−10 270 000	−18 240 000	6 161 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	123 029 000	104 735 000	70 490 000	56 131 000
Total Current Assets	105 204 000	66 640 000	76 239 000	79 362 000
Total Assets	228 233 000	171 375 000	146 729 000	135 493 000
Total Retained Equity	−30 398 000	−30 772 000	−20 501 000	−2 262 000
Total Equity	71 744 000	71 370 000	81 641 000	87 700 000
Total Long-Term Debt	18 700 000	22 000 000	22 000 000	0
Total Current Debt	137 789 000	78 005 000	43 089 000	47 793 000
Total Equity and Debt	228 233 000	171 375 000	146 729 000	135 493 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	247 437 000	131 009 000	69 912 000	92 566 000
Other Income	0	0	0	0
Revenue	247 437 000	131 009 000	69 912 000	92 566 000
Cost of Goods Sold	126 778 000	63 803 000	42 090 000	51 564 000
Salary Costs	64 662 000	53 022 000	33 358 000	27 365 000
Depreciation	24 178 000	17 816 000	12 577 000	12 060 000
Impairment	0	0	0	0
Expenditure	260 141 000	162 031 000	107 847 000	108 610 000
Operating Profit	3 234 000	−11 504 000	−21 248 000	3 754 000
Financial Income	514 000	261 000	273 000	83 000
Financial Costs	3 224 000	2 095 000	1 283 000	788 000
Financial Balance	−2 710 000	−1 834 000	−1 010 000	−705 000
Dividends	0	0	0	0
Net Income	373 000	−10 270 000	−18 240 000	6 161 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	4 083 000	6 533 000	8 779 000	11 229 000
Total Intangible Assets	59 791 000	53 808 000	42 557 000	37 600 000
Real Eastate	21 245 000	0	0	0
Machinery and Plant Facilities	15 893 000	47 276 000	24 847 000	13 856 000
Fixtures	2 083 000	3 650 000	3 085 000	4 542 000
Total Tangible Assets	39 221 000	50 926 000	27 933 000	18 398 000
Total Fiancial Fixed Assets	24 017 000	0	0	133 000
Total Fixed Assets	123 029 000	104 735 000	70 490 000	56 131 000
Stock	45 244 000	29 306 000	42 938 000	42 513 000
Total Investments	0	0	0	0
Cash, Bank	17 923 000	16 688 000	26 468 000	9 490 000
Total Current Assets	105 204 000	66 640 000	76 239 000	79 362 000
Total Assets	228 233 000	171 375 000	146 729 000	135 493 000
Total Equity	71 744 000	71 370 000	81 641 000	87 700 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 700 000	22 000 000	22 000 000	0
Creditors	24 169 000	7 334 000	2 559 000	7 816 000
Unpaid Taxes	20 812 000	8 935 000	7 588 000	7 077 000
Dividends	0	0	0	0
Other Current Debt	73 413 000	51 696 000	23 338 000	22 939 000
Total Current Debt	137 789 000	78 005 000	43 089 000	47 793 000
Total Equity and Debt	228 233 000	171 375 000	146 729 000	135 493 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,52 %	−14,39 %	−22,34 %	7,03 %
Debt-to-Equity Ratio	0,26	0,31	0,27	0
Operating Profit Margin	1,31 %	−8,78 %	−30,39 %	4,06 %
Current Ratio	0,76	0,85	1,77	1,66
Quick Ratio	1,14	1,37	504,89	15,03
Equity Ratio	0,31	0,42	0,56	0,65
Gross Profit Margin	48,76 %	51,3 %	39,8 %	44,29 %