Reading the annual reports…
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Norway
In shortBloomberg Finance L.p. is loss-making, generates cash and holds more cash than debt, with revenue shrinking (−23.2% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -46.6% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -139.0% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -54.9% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -19.9% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 5.21× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -2.72× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 5.9% | 44/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 1 of 4 | 6/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 4 | 25/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 83.3% | 0/100 |
| Operating margin volatility | 21.4% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 49.7% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
NOK millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 30 | 55 | 132 | 101 |
| Operating income | (10) | (11) | 4.7 | (47) |
| Interest expense | 7.3 | 5.7 | 4.6 | 17 |
| Pre-tax income | (16) | (13) | 17 | (60) |
| Income tax | (3) | (1.9) | 8.1 | 80 |
| Net income | (13) | (11) | 9.6 | (141) |
| Diluted EPS | −kr0.14 | −kr0.11 | kr0.08 | −kr1.33 |
Not computed: a required balance-sheet item is missing.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 28, 2026