Balance Sheet Circa Group

Equities

CIRCA

NO0010917594

Specialty Chemicals

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-09-16 am EDT			5-day change	1st Jan Change
0.4760 ^NOK	+5.78%		-17.65%	-86.20%

Sep. 12	Circa Group and Leggera Technologies International Enter into a Supply Agreement for 100% Bio-Derived Bicycle Maintenance Products	CI
Sep. 09	Circa Group AS Announces Resignation of Lars P. Sperre as Director	CI

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Published financial data: CIRCA GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.25M	682K	18.71K	57.83K	67K
Other Revenues, Total	-	3.56M	941K	1.13M	1.61M
Total Revenues	6.25M	682K	960K	1.18M	1.68M
Cost of Goods Sold, Total	5.33M	4.64M	557K	510K	419K
Gross Profit	928K	-3.96M	403K	674K	1.26M
Selling General & Admin Expenses, Total	3.39M	3.82M	3.26M	3.02M	3.96M
Depreciation & Amortization - (IS)	8.25K	3.44K	-	12.58K	13K
Other Operating Expenses	-	4.34M	3.67M	3.61M	3.43M
Other Operating Expenses, Total	3.39M	3.82M	6.93M	6.65M	7.4M
Operating Income	-2.47M	-7.78M	-6.53M	-5.97M	-6.13M
Interest Expense, Total	-590K	-337K	-128K	-95.72K	-3K
Interest And Investment Income	-	23	5.88K	121K	527K
Net Interest Expenses	-590K	-337K	-122K	25.36K	524K
Currency Exchange Gains (Loss)	-40.34K	20.59K	-	-	-
Other Non Operating Income (Expenses)	-30.05K	-38.14K	-351K	-6.13K	-241K
EBT, Excl. Unusual Items	-3.13M	-8.14M	-7M	-5.95M	-5.85M
EBT, Incl. Unusual Items	-3.13M	-8.14M	-7M	-5.95M	-5.85M
Income Tax Expense	-	-	-	21.55K	126K
Earnings From Continuing Operations	-3.13M	-8.14M	-7M	-5.97M	-5.98M
Net Income to Company	-3.13M	-8.14M	-7M	-5.97M	-5.98M
Minority Interest	392K	1.64M	-	-	-
Net Income - (IS)	-2.73M	-6.5M	-7M	-5.97M	-5.98M
Net Income to Common Incl Extra Items	-2.73M	-6.5M	-7M	-5.97M	-5.98M
Net Income to Common Excl. Extra Items	-2.73M	-6.5M	-7M	-5.97M	-5.98M
Per Share Items
Net EPS - Basic	-0.04	-0.09	-0.06	-0.05	-0.05
Basic EPS - Continuing Operations	-0.04	-0.09	-0.06	-0.05	-0.05
Basic Weighted Average Shares Outstanding	63.36M	75.15M	122M	122M	122M
Net EPS - Diluted	-0.04	-0.09	-0.06	-0.05	-0.05
Diluted EPS - Continuing Operations	-0.04	-0.09	-0.06	-0.05	-0.05
Diluted Weighted Average Shares Outstanding	63.36M	75.15M	122M	122M	122M
Normalized Basic EPS	-0.02	-0.05	-0.04	-0.03	-0.03
Normalized Diluted EPS	-0.02	-0.05	-0.04	-0.03	-0.03
Supplemental Items
EBITDA	-2.46M	-7.78M	-6.52M	-5.96M	-6.12M
EBITA	-2.47M	-7.78M	-6.53M	-5.96M	-6.13M
EBIT	-2.47M	-7.78M	-6.53M	-5.97M	-6.13M
EBITDAR	-2.44M	-7.75M	-6.11M	-5.81M	-5.95M
Total Revenues (As Reported)	-	-	-	1.18M	1.68M
Effective Tax Rate - (Ratio)	-	-	-	-0.36	-2.15
Current Foreign Taxes	-	-	-	-	160K
Total Current Taxes	-	-	-	21.55K	160K
Deferred Foreign Taxes	-	-	-	-	-56K
Total Deferred Taxes	-	-	-	-	-56K
Normalized Net Income	-1.56M	-3.44M	-4.38M	-3.72M	-3.66M
Interest on Long-Term Debt	-	-	1.07K	-	-
Supplemental Operating Expense Items
Advertising Expense	11.77K	22.04K	-	-	-
Selling and Marketing Expenses	874K	887K	-	-	-
Net Rental Expense, Total	18.54K	31.89K	409K	150K	172K
Imputed Operating Lease Interest Expense	10.2K	14.78K	1.45M	-	-
Imputed Operating Lease Depreciation	8.34K	17.12K	-1.05M	-	-
Maintenance & Repair Expenses, Total	-	-	193K	132K	86K
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	290K	76K
Stock-Based Comp., Other (Total)	-	338K	1.28M	-	-
Total Stock-Based Compensation	-	338K	1.28M	290K	76K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	543K	290K	44.42M	34.77M	11.39M
Total Cash And Short Term Investments	543K	290K	44.42M	34.77M	11.39M
Accounts Receivable, Total	47.76K	170K	221K	19.82K	28K
Other Receivables	155K	62.65K	1.37M	1.22M	1.79M
Total Receivables	203K	232K	1.59M	1.24M	1.82M
Inventory	169K	39.64K	-	-	77K
Prepaid Expenses	-	-	7.67K	37.7K	323K
Total Current Assets	915K	562K	46.02M	36.05M	13.61M
Gross Property Plant And Equipment	90.34K	94.82K	2.37M	8.12M	23.37M
Accumulated Depreciation	-83.86K	-90.95K	-1.13M	-1.13M	-75K
Net Property Plant And Equipment	6.48K	3.87K	1.24M	6.99M	23.29M
Other Intangibles, Total	-	-	-	28.73K	21K
Other Long-Term Assets, Total	-	-	-	-	32K
Total Assets	922K	566K	47.27M	43.06M	36.95M
Liabilities
Accounts Payable, Total	155K	56.74K	706K	507K	2.98M
Accrued Expenses, Total	116K	163K	677K	506K	573K
Current Portion of Long-Term Debt	-	2.65M	-	-	-
Unearned Revenue Current, Total	-	-	3.63M	4.75M	3.18M
Other Current Liabilities	932K	52.37K	241K	1.08M	63K
Total Current Liabilities	1.2M	2.92M	5.25M	6.84M	6.8M
Long-Term Debt	9M	563K	-	-	-
Long-Term Leases	-	-	11.54K	-	12K
Pension & Other Post Retirement Benefits	-	-	263K	192K	23K
Deferred Tax Liability Non Current	-	-	-	-	56K
Other Non Current Liabilities	38.38K	4.31K	-	-	-
Total Liabilities	10.24M	2.93M	5.52M	7.03M	6.89M
Preferred Stock Redeemable	143K	-	-	-	-
Total Preferred Equity	143K	-	-	-	-
Common Stock, Total	7.86M	23.98M	56.81M	11.88M	11.91M
Additional Paid In Capital	-	-	-	45M	45.05M
Retained Earnings	-14.89M	-25.02M	-	-20.85M	-26.95M
Treasury Stock	-	-	-	-	-80K
Comprehensive Income and Other	-18.46K	317K	-15.07M	-	128K
Total Common Equity	-7.05M	-721K	41.74M	36.03M	30.06M
Minority Interest	-2.42M	-1.64M	-	-	-
Total Equity	-9.32M	-2.36M	41.74M	36.03M	30.06M
Total Liabilities And Equity	922K	566K	47.27M	43.06M	36.95M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	119M	75.15M	121M	122M	122M
ECS Total Common Shares Outstanding	63.36M	75.15M	121M	122M	122M
Book Value / Share	-0.11	-0.01	0.34	0.3	0.25
Tangible Book Value	-7.05M	-721K	41.74M	36M	30.04M
Tangible Book Value Per Share	-0.11	-0.01	0.34	0.3	0.25
Total Debt	9M	2.65M	11.54K	0	12K
Net Debt	8.46M	2.36M	-44.41M	-34.77M	-11.37M
Debt Equivalent Oper. Leases	148K	255K	3.27M	1.2M	1.38M
Minority Interest, Total (Incl. Fin. Div)	-2.42M	-1.64M	-	-	-
Account Code - Inventory Valuation	5	5	5	3	3
Inventories - Raw Materials, Total	169K	39.64K	-	-	-
Machinery, Total	90.34K	94.82K	-	-	-
Full Time Employees	5	4	14	18	17

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-2.73M	-6.5M	-7M	-5.97M	-5.98M
Depreciation & Amortization - CF	8.25K	3.44K	22.61K	4.61K	6K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	7.97K	7K
Depreciation & Amortization, Total	8.25K	3.44K	22.61K	12.58K	13K
Stock-Based Compensation (CF)	-	-	-	-	67K
Other Operating Activities, Total	-3.56M	-1.28M	19.58K	-1.75M	225K
Change In Accounts Receivable	-12.61K	-29.33K	-	-	-8K
Change In Inventories	81.73K	129K	-	-	-77K
Change In Accounts Payable	584K	-80.82K	-	-	2.48M
Change in Other Net Operating Assets	21.36K	12.7K	-	1.64K	-3.37M
Cash from Operations	-5.61M	-7.74M	-6.96M	-7.71M	-6.65M
Capital Expenditure	-50	-822	-2.17M	-5.8M	-18.77M
Other Investing Activities, Total	-	-	678K	-	-
Cash from Investing	-50	-822	-1.49M	-5.8M	-18.77M
Long-Term Debt Issued, Total	4M	6.47M	-	-	-
Total Debt Issued	4M	6.47M	-	-	-
Long-Term Debt Repaid, Total	-	-	-122K	-11.54K	-26K
Total Debt Repaid	-	-	-122K	-11.54K	-26K
Issuance of Common Stock	1.03M	1.01M	48.02M	70.83K	-
Other Financing Activities, Total	-	-	38.88K	3.62M	1.99M
Cash from Financing	5.03M	7.49M	47.94M	3.68M	1.97M
Foreign Exchange Rate Adjustments	-	-	-466K	182K	8K
Miscellaneous Cash Flow Adjustments	-1K	-	-	-	62K
Net Change in Cash	-578K	-253K	39.02M	-9.65M	-23.38M
Supplemental Items
Cash Interest Paid	590K	336K	-	95.72K	3K
Levered Free Cash Flow	-1.23M	-5.56M	-5.95M	-7.38M	-23.5M
Unlevered Free Cash Flow	-858K	-5.35M	-5.87M	-7.32M	-23.49M
Change In Net Working Capital	-675K	831K	915K	-1.91M	983K
Net Debt Issued / Repaid	4M	6.47M	-122K	-11.54K	-26K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-123.42	-653.98	-15.16	-8.26	-9.58
Return on Total Capital	-496.04	32.56K	-19.44	-9.6	-11.6
Return On Equity %	37.83	139.33	-33.83	-15.36	-18.09
Return on Common Equity	44.2	167.27	-33.83	-15.36	-18.09
Margin Analysis
Gross Profit Margin %	14.84	-580.68	42.02	56.91	75.06
SG&A Margin	54.15	560.37	339.46	254.92	235.48
EBITDA Margin %	-39.3	-1.14K	-679.3	-503.05	-364.35
EBITA Margin %	-39.44	-1.14K	-679.98	-503.44	-364.7
EBIT Margin %	-39.44	-1.14K	-679.98	-504.11	-365.12
Income From Continuing Operations Margin %	-49.99	-1.19K	-729.27	-504.31	-355.77
Net Income Margin %	-43.73	-952.82	-729.27	-504.31	-355.77
Net Avail. For Common Margin %	-43.73	-952.82	-729.27	-504.31	-355.77
Normalized Net Income Margin	-24.98	-505.21	-455.79	-314.06	-217.67
Levered Free Cash Flow Margin	-19.62	-816.22	-619.56	-623	-1.4K
Unlevered Free Cash Flow Margin	-13.73	-785.29	-611.25	-617.95	-1.4K
Asset Turnover
Asset Turnover	5.01	0.92	0.04	0.03	0.04
Fixed Assets Turnover	590.98	131.77	1.48	0.29	0.11
Receivables Turnover (Average Receivables)	247.48	6.27	0.16	0.48	2.79
Inventory Turnover (Average Inventory)	25.4	44.53	-	-	-
Short Term Liquidity
Current Ratio	0.76	0.19	8.77	5.27	2
Quick Ratio	0.62	0.18	8.76	5.26	1.94
Operating Cash Flow to Current Liabilities	-4.66	-2.65	-1.33	-1.13	-0.98
Days Sales Outstanding (Average Receivables)	1.47	58.35	2.25K	759.42	130.75
Days Outstanding Inventory (Average Inventory)	14.37	8.22	-	-	-
Average Days Payable Outstanding	10.26	8.57	-	433.73	-
Cash Conversion Cycle (Average Days)	5.58	57.99	-	-	-
Long Term Solvency
Total Debt/Equity	-96.57	-112.26	0.03	-	0.04
Total Debt / Total Capital	-2.82K	915.46	0.03	-	0.04
LT Debt/Equity	-96.57	-160.78	0.03	-	0.04
Long-Term Debt / Total Capital	-2.82K	264.53	0.03	-	0.04
Total Liabilities / Total Assets	1.11K	517.27	11.69	16.34	18.65
EBIT / Interest Expense	-4.18	-23.07	-51.11	-62.39	-2.04K
EBITDA / Interest Expense	-4.17	-23.06	-50.93	-62.26	-2.04K
(EBITDA - Capex) / Interest Expense	-4.17	-23.06	-67.94	-122.89	-8.3K
Total Debt / EBITDA	-3.66	-0.34	-0	-	-0
Net Debt / EBITDA	-3.44	-0.3	6.83	5.83	1.86
Total Debt / (EBITDA - Capex)	-3.66	-0.34	-0	-	-0
Net Debt / (EBITDA - Capex)	-3.44	-0.3	5.12	2.96	0.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	365.59	-89.1	-73.65	23.4	41.77
Gross Profit, 1 Yr. Growth %	-127.41	-526.52	-88.14	67.13	86.81
EBITDA, 1 Yr. Growth %	-65.71	216.5	-	-8.65	2.72
EBITA, 1 Yr. Growth %	-65.71	215.58	313.88	-8.63	2.73
EBIT, 1 Yr. Growth %	-65.71	215.58	313.88	-8.51	2.71
Earnings From Cont. Operations, 1 Yr. Growth %	-58.81	160.32	325.59	-14.66	0.05
Net Income, 1 Yr. Growth %	-55.78	137.56	325.59	-14.66	0.05
Normalized Net Income, 1 Yr. Growth %	-53.19	120.48	325.59	-14.97	-1.7
Diluted EPS Before Extra, 1 Yr. Growth %	-	100.29	-92.49	-16.67	0
Accounts Receivable, 1 Yr. Growth %	1.62K	255.12	2.1K	-91.03	40
Inventory, 1 Yr. Growth %	-32.63	-76.51	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-55.84	-40.37	2.24K	461.42	233.34
Total Assets, 1 Yr. Growth %	-41.54	-38.56	623.18	-8.89	-14.19
Tangible Book Value, 1 Yr. Growth %	32.27	-89.77	-12.03K	-13.75	-16.56
Common Equity, 1 Yr. Growth %	32.27	-89.77	-12.03K	-13.69	-16.56
Cash From Operations, 1 Yr. Growth %	-22	38.02	-	8.88	20.26
Capital Expenditures, 1 Yr. Growth %	-99.06	1.54K	-	167.17	138.94
Levered Free Cash Flow, 1 Yr. Growth %	-	353.61	-	23.7	148.81
Unlevered Free Cash Flow, 1 Yr. Growth %	-	523.75	-	24.37	150.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-28.75	-	-42.98	32.29
Gross Profit, 2 Yr. CAGR %	-	8.13	-	-55.48	76.81
EBITDA, 2 Yr. CAGR %	-	4.18	-	-	-3.13
EBITA, 2 Yr. CAGR %	-	4.02	-	94.46	-3.12
EBIT, 2 Yr. CAGR %	-	4.02	-	94.59	-3.06
Earnings From Cont. Operations, 2 Yr. CAGR %	-	3.55	-	90.57	-7.6
Net Income, 2 Yr. CAGR %	-	2.49	-	90.57	-7.6
Normalized Net Income, 2 Yr. CAGR %	-	1.59	-	90.23	-8.58
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-74.98	-8.71
Accounts Receivable, 2 Yr. CAGR %	-	681.54	-	40.61	-64.39
Inventory, 2 Yr. CAGR %	-	-60.22	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-48.69	-	1.05K	332.62
Total Assets, 2 Yr. CAGR %	-	-40.07	-	156.68	-11.58
Tangible Book Value, 2 Yr. CAGR %	-	-63.22	-	914.32	-15.17
Common Equity, 2 Yr. CAGR %	-	-63.22	-	914.72	-15.14
Cash From Operations, 2 Yr. CAGR %	-	3.76	-	-	-3.06
Capital Expenditures, 2 Yr. CAGR %	-	-60.67	-	-	193.91
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	98.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	99.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	-22.74
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-28.16
EBITA, 3 Yr. CAGR %	-	-	-	-	57.2
EBIT, 3 Yr. CAGR %	-	-	-	-	57.26
Earnings From Cont. Operations, 3 Yr. CAGR %