Solstad Operations AS

ASDissolved

Org 912608573Nesavegen 39, 4280 SkudeneshavnSupport activities for petroleum and natural gas extraction· NACE 0910Est. 2013 · 12 years old0 employees

Overview

Solstad Operations AS is a Norwegian AS based in Skudeneshavn, operating in the Support activities for petroleum and natural gas extraction sector. Incorporated in 2013, the company has 0 employees and reported revenue of NOK 44.1m in its latest annual filing.

Revenue 2020

44.1M NOK

+32% vs 2019

EBITDA margin

22.0 %

+329% vs 2019

Net profit 2020

10.7M NOK

+455% vs 2019

Key ratios

See full ratios →

19.7 %

Weak

Among the 40% lowest rated companies in the industry

20162020

1.2×

Average

Around the average of companies in the same industry

20162020

9.5 %

Strong

Among the 30% highest rated companies in the industry

20162020

EBITDA — year on year

NOK thousands

Key figures

Annual report 2020

Revenue	44.1M NOK	+32%
EBITDA	9.7M NOK	+329%
Net profit	10.7M NOK	+455%
Total assets	112.9M NOK	+180%
Equity	22.2M NOK	0%
Employees	0	—

Financial development

In its most recent annual report (2020), Solstad Operations AS reported revenue of NOK 44.1m, an increase of 32% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net profit of NOK 10.7m, and the EBITDA margin stood at 22%.

At the end of 2020, equity financed 19.7% of the balance sheet, and current assets covered short-term debt 1.2 times.

Financials

Revenue

NOK millions

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2020	2019	2018	2017	2016
Revenue	44,118	33,476	31,646	27,201	63,116
Staff expenses	-19,196	-21,253	-18,070	-10,395	-32,459
EBITDA	9,695	-4,242	874	972	7,947
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	9,695	-4,242	874	972	7,947
Net financials	4,048	388	1,304	48	-423
Profit before tax	13,743	-3,853	2,178	1,020	7,524
Tax	3,006	-829	495	1,972	1,071
Net profit	10,737	-3,025	1,684	-952	6,453

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Balance sheet

NOK thousands

Item	2020	2019	2018	2017	2016
Total assets	112,904	40,352	29,221	23,969	37,271
Equity	22,199	22,121	22,208	22,180	23,912
Long-term debt	0	0	0	0	0
Short-term debt	90,704	18,231	7,013	1,789	13,360
Total debt	90,704	18,231	7,013	1,789	13,360

Financial ratios

5-year trend

EBITDA margin

22.0 %

20162020

Equity ratio

19.7 %

Weak

Among the 40% lowest rated companies in the industry

20162020

Return on equity

48.4 %

Very strong

Among the 20% highest rated companies in the industry

20162020

Net profit margin

24.3 %

Very strong

Among the 20% highest rated companies in the industry

20162020

Asset turnover

0.39×

Average

Around the average of companies in the same industry

20162020

Debt / equity

4.09×

Very weak

Among the 20% lowest rated companies in the industry

20162020

Sector performance

28 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginWeak

Among the 30% lowest rated companies in the industry

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginStrong

Among the 30% highest rated companies in the industry

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginVery strong

Among the 20% highest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Very strong

Among the 20% highest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Strong

Among the 30% highest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Very strong

Among the 20% highest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Strong

Among the 30% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery strong

Among the 20% highest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioAverage

Around the average of companies in the same industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioAverage

Around the average of companies in the same industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioWeak

Among the 40% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery weak

Among the 20% lowest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery strong

Among the 10% highest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioAverage

Around the average of companies in the same industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 40% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 40% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityVery weak

Among the 20% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityVery weak

Among the 20% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtStrong

Among the 40% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtStrong

Among the 40% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery strong

Among the 10% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtStrong

Among the 30% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery strong

Among the 20% highest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Asset turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverVery weak

Among the 10% lowest rated companies in the industry

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Equity to contributed capitalWeak

Among the 40% lowest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Annual reports & filings

Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View PDF
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
View PDF

People & ownership

Management

Actively employed in the business

No data on file.

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Frequently asked questions

What is the Org number of Solstad Operations AS?

Solstad Operations AS is registered with Brønnøysundsregistrene under Org 912608573.

What is the revenue of Solstad Operations AS?

Solstad Operations AS reported revenue of NOK 44.1m in 2020.

Where is Solstad Operations AS headquartered?

Solstad Operations AS's registered address is Nesavegen 39.