Off Drift AS
ASDissolvedOrg 918192794Sjøenvegen 52, 4270 ÅkrehamnOther real estate activities on a fee or contract basis· NACE 6832Est. 2016 · 9 years old0 employees
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Overview
Off Drift AS is a Norwegian AS based in Åkrehamn, operating in the Other real estate activities on a fee or contract basis sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2020
0M NOK
EBITDA margin
—
Net profit 2020
9M NOK
+137725% vs 2019
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
81.7 %
StrongAmong the 30% highest rated companies in the industry
20162020
Liquidity ratioCurrent assets ÷ Short-term debt
5.3×
StrongAmong the 40% highest rated companies in the industry
20162020
Return on assets (ROA)Net profit ÷ Total assets × 100
82.1 %
Very strongAmong the 10% highest rated companies in the industry
20162020
EBITDA — year on year
NOK thousandsKey figures
Annual report 2020| Revenue | 0M NOK | — |
| EBITDA | -0M NOK | -219% |
| Net profit | 9M NOK | +137725% |
| Total assets | 11M NOK | +463% |
| Equity | 9M NOK | +360% |
| Employees | 0 | — |
Company information
Legal name
OFF DRIFT AS
Org number
918192794
Legal form
Aksjeselskap
NACE code
Founded
2 December 2016 · 9 years
Share capital
NOK 30,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Company purpose
Driftsrelaterte tjenester, samt det som naturlig står i forbindelse med dette.
(no translation available)
Address
Sjøenvegen 52, 4270 Åkrehamn
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Financial development
In its most recent annual report (2020), Off Drift AS reported revenue of NOK 0. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net profit of NOK 9.0m.
At the end of 2020, equity financed 81.7% of the balance sheet, and current assets covered short-term debt 5.3 times.
Financials
Revenue
NOKEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -27 | -9 | -23 | -21 | 0 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -27 | -9 | -23 | -21 | 0 |
| Net financials | 9,076 | 0 | 8,000 | 0 | 0 |
| Profit before tax | 9,049 | -8 | 7,978 | -21 | 0 |
| Tax | -0 | -2 | -0 | -0 | -0 |
| Net profit | 9,049 | -7 | 7,978 | -21 | 0 |
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Balance sheet
NOK thousands| Item | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total assets | 11,015 | 1,956 | 9,956 | 1,978 | 1,999 |
| Equity | 9,005 | 1,956 | 1,956 | 1,978 | 1,999 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 2,011 | 0 | 8,000 | 0 | 0 |
| Total debt | 2,011 | 0 | 8,000 | 0 | 0 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20162020
Equity ratio
81.7 %
StrongAmong the 30% highest rated companies in the industry
20162020
Return on equity
100.5 %
Very strongAmong the 10% highest rated companies in the industry
20162020
Net profit margin
>999 %
20162020
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20162020
Debt / equity
0.22×
StrongAmong the 30% highest rated companies in the industry
20162020
Sector performance
22 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Very strong
Among the 10% 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)Very strong
Among the 10% 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 10% 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)Weak
Among the 40% lowest 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 weak
Among the 10% lowest 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Liquidity
Current ratioStrong
Among the 40% highest rated companies in the 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 ratioStrong
Among the 30% highest rated companies in the 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 ratioStrong
Among the 40% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 30% 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 30% highest 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 ratioStrong
Among the 30% highest 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 equityStrong
Among the 30% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 40% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 10% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest rate on debtVery strong
Among the 10% 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 10% 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.
Interest coverageNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The ability to pay the interest on the company's debt out of its earnings.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% highest 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 equityVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
One-year change in debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
People & ownership
Management
Actively employed in the businessNo data on file.
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
FK Board of Directors | Board of Directors | 2016 |
OK Chairman | Chairman | 2016 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Company hierarchy
Off As
Off Drift AS Board network connections
Board members of Off Drift AS also hold positions in 42 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Freddy Knutsen | Board of Directors | 23 companiesMany roles |
| Odd Kåre Øygarden | Chairman | 19 companiesMany roles |
Frequently asked questions
What is the Org number of Off Drift AS?
Off Drift AS is registered with Brønnøysundsregistrene under Org 918192794.
Who is the chairman of Off Drift AS?
Odd Kåre Øygarden chairs the board of Off Drift AS.
Where is Off Drift AS headquartered?
Off Drift AS's registered address is Sjøenvegen 52.