Covalon Financial Statements From 2010 to 2024

Covalon Technologies Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 18.5 M 28.6 M 19.1 M Slightly volatile Total Current Liabilities 4.9 M 6 M 5.7 M Slightly volatile Total Stockholder Equity 12.3 M 21.6 M 12 M Slightly volatile Property Plant And Equipment Net 1.2 M 1.9 M 1.3 M Slightly volatile Accounts Payable 3.8 M 4.4 M 3.7 M Slightly volatile Cash 6.3 M 10.1 M 6.2 M Slightly volatile Non Current Assets Total 5.2 M 4.2 M 5.1 M Pretty Stable Non Currrent Assets Other 115.6 K 121.7 K 271.9 K Slightly volatile Cash And Short Term Investments 7.6 M 10.1 M 6.5 M Slightly volatile Net Receivables 7.4 M 7.1 M 3.5 M Slightly volatile Common Stock Shares Outstanding 15.1 M 28.6 M 17.6 M Slightly volatile Liabilities And Stockholders Equity 18.5 M 28.6 M 19.1 M Slightly volatile Inventory 7.2 M 6.8 M 3.9 M Slightly volatile Other Stockholder Equity 12.8 M 10.3 M 10.2 M Very volatile Total Liabilities 6.1 M 7 M 7.1 M Slightly volatile Total Current Assets 13.3 M 24.5 M 14 M Slightly volatile Current Deferred Revenue 69 K 72.6 K 352.3 K Slightly volatile Intangible Assets 1.6 M 2.1 M 1.8 M Slightly volatile Non Current Liabilities Total 1.5 M 1.1 M 1.5 M Pretty Stable Short and Long Term Debt Total 1.7 M 1.8 M 3.8 M Pretty Stable Common Stock 43 M 49.2 M 39.1 M Slightly volatile Other Liabilities 43.9 K 46.3 K 274.5 K Slightly volatile Other Assets 248.2 K 261.3 K 828.2 K Slightly volatile Long Term Debt 3.8 M 7.2 M 4.7 M Slightly volatile Deferred Long Term Liabilities 248.2 K 261.3 K 754 K Slightly volatile Property Plant Equipment 1.7 M 2.2 M 1.4 M Slightly volatile Long Term Investments 9 K 6.8 K 10.1 K Slightly volatile Net Invested Capital 25.1 M 21.6 M 17.4 M Slightly volatile Capital Stock 47.6 M 49.2 M 42.1 M Slightly volatile Good Will 14.3 M 15 M 13.2 M Slightly volatile Capital Lease Obligations 1.9 M 1.4 M 2.8 M Slightly volatile Property Plant And Equipment Gross 3.9 M 3.6 M 6 M Slightly volatile
Covalon Technologies Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 1.2 M 1.1 M 599.2 K Slightly volatile Other Operating Expenses 37.6 M 35.8 M 21 M Slightly volatile Research Development 982.7 K 1.6 M 916 K Slightly volatile Total Operating Expenses 22.8 M 21.7 M 13.4 M Slightly volatile Total Revenue 32.1 M 30.6 M 18.2 M Slightly volatile Gross Profit 17.3 M 16.5 M 10.7 M Slightly volatile Cost Of Revenue 14.8 M 14.1 M 7.5 M Slightly volatile Selling General Administrative 5.3 M 8.5 M 5.5 M Slightly volatile Selling And Marketing Expenses 5 M 9.4 M 5.4 M Slightly volatile Reconciled Depreciation 811.5 K 1.1 M 580.4 K Slightly volatile
Covalon Technologies Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 17 M 16.2 M 7.1 M Slightly volatile Depreciation 1.2 M 1.1 M 599.2 K Slightly volatile Other Non Cash Items 56.6 K 59.6 K 349.5 K Very volatile Capital Expenditures 1.6 M 1.5 M 660.1 K Slightly volatile End Period Cash Flow 6.3 M 10.1 M 6.2 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 1.53 1.61 3.8699 Slightly volatile Dividend Yield 0.0206 0.0231 0.0252 Slightly volatile PTB Ratio 2.17 2.28 4.1893 Pretty Stable Days Sales Outstanding 79.64 97.26 74.623 Very volatile Book Value Per Share 1.06 0.87 0.6692 Slightly volatile Invested Capital 0.0711 0.0748 0.3383 Very volatile Average Payables 3.3 M 3.5 M 8.2 M Slightly volatile PB Ratio 2.17 2.28 4.1893 Pretty Stable EV To Sales 1.24 1.3 3.3226 Slightly volatile Inventory Turnover 3.15 2.37 2.4253 Pretty Stable Days Of Inventory On Hand 125 160 172 Pretty Stable Payables Turnover 3.04 2.9 1.8161 Slightly volatile Sales General And Administrative To Revenue 0.56 0.32 0.4597 Slightly volatile Average Inventory 2.3 M 4.4 M 4.3 M Slightly volatile Research And Ddevelopement To Revenue 0.0581 0.0611 0.1091 Slightly volatile Cash Per Share 0.69 0.41 0.3427 Slightly volatile Days Payables Outstanding 124 130 236 Slightly volatile Intangibles To Total Assets 0.0615 0.0647 0.2003 Slightly volatile Current Ratio 4.64 4.72 3.1921 Slightly volatile Receivables Turnover 5.09 3.88 6.1953 Pretty Stable Graham Number 3.0 2.01 2.0625 Slightly volatile Shareholders Equity Per Share 1.06 0.87 0.6692 Slightly volatile Debt To Equity 0.0711 0.0748 0.3383 Very volatile Average Receivables 5.1 M 4.9 M 3.4 M Slightly volatile Revenue Per Share 0.56 0.96 0.8357 Slightly volatile Interest Debt Per Share 0.0537 0.0565 0.1706 Pretty Stable Debt To Assets 0.0536 0.0565 0.1378 Very volatile Operating Cycle 183 236 244 Pretty Stable Price Book Value Ratio 2.17 2.28 4.1893 Pretty Stable Days Of Payables Outstanding 124 130 236 Slightly volatile Ebt Per Ebit 1.17 1.13 1.0407 Very volatile Company Equity Multiplier 1.26 1.19 1.6823 Very volatile Long Term Debt To Capitalization 0.0509 0.0536 0.1688 Slightly volatile Total Debt To Capitalization 0.0656 0.0691 0.1751 Very volatile Debt Equity Ratio 0.0711 0.0748 0.3383 Very volatile Quick Ratio 3.89 3.31 2.3096 Slightly volatile Net Income Per E B T 0.89 0.94 26.6782 Very volatile Cash Ratio 2.53 1.95 1.4989 Slightly volatile Days Of Inventory Outstanding 125 160 172 Pretty Stable Days Of Sales Outstanding 79.64 97.26 74.623 Very volatile Price To Book Ratio 2.17 2.28 4.1893 Pretty Stable Fixed Asset Turnover 9.24 14.22 14.4129 Very volatile Debt Ratio 0.0536 0.0565 0.1378 Very volatile Price Sales Ratio 1.53 1.61 3.8699 Slightly volatile Asset Turnover 0.58 0.96 0.9044 Very volatile Gross Profit Margin 0.43 0.49 0.5525 Pretty Stable Price Fair Value 2.17 2.28 4.1893 Pretty Stable
Covalon Technologies Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 35.9 M 56.1 M 67.2 M Pretty Stable Enterprise Value 33.7 M 45.4 M 63.8 M Very volatile

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About Covalon Technologies Financial Statements

Pair Trading with Covalon Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Covalon Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Covalon Technologies will appreciate offsetting losses from the drop in the long position's value.

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Please note, there is a significant difference between Covalon Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covalon Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covalon Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.