Eurodry Working Capital

EDRY -  USA Stock  

USD 28.63  1.86  6.10%

Eurodry fundamentals help investors to digest information that contributes to Eurodry's financial success or failures. It also enables traders to predict the movement of Eurodry Stock. This fundamental analysis module provides a way for investors to measures Eurodry's intrinsic value by examining all of its available economic and financial indicators and drivers, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eurodry stock. Please note, this module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
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Eurodry Working Capital is fairly stable at the moment as compared to the past year. Eurodry reported Working Capital of 12.7 Million in 2021. Invested Capital Average is likely to rise to about 173.6 M in 2022, whereas Invested Capital is likely to drop slightly above 187.2 M in 2022.

Eurodry Working Capital Analysis

Eurodry's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Eurodry Working Capital

13.71 Million

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Working Capital 
 = 
Current Assets 
Current Liabilities 
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Current Eurodry Working Capital

    
  (466.34 K)  
Most of Eurodry's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eurodry is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Eurodry Working Capital Driver Correlations

Understanding the fundamental principles of building solid financial models for Eurodry is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Working Capital. Since Eurodry's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Eurodry's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Eurodry's interrelated accounts and indicators.

Eurodry Working Capital Historical Pattern

Today, most investors in Eurodry Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Eurodry's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's working capital growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Eurodry working capital as a starting point in their analysis.
 Eurodry Working Capital 
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      Timeline 
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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Eurodry Capital Expenditure

Capital Expenditure

(37.79 Million)

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Eurodry Capital Expenditure is fairly stable at the moment as compared to the past year. Eurodry reported Capital Expenditure of (36.82 Million) in 2021
According to the company's disclosures, Eurodry has a Working Capital of (466,343). This is 100.14% lower than that of the Industrials sector and significantly lower than that of the Marine Shipping industry. The working capital for all United States stocks is 100.03% higher than that of the company.

Eurodry Current Valuation Drivers

We derive many important indicators used in calculating different scores of Eurodry from analyzing Eurodry's financial statements. These drivers represent accounts that assess Eurodry's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eurodry's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Earnings Before Interest Taxes and Depreciation Amortization EBITDA7.45 M9.46 M9.99 M3.01 M41.15 M44.4 M
Earnings Before Interest Taxes and Depreciation Amortization USD7.45 M9.46 M9.99 M3.01 M41.15 M44.4 M
Earnings before Tax849.7 K1.12 M16.5 K(5.88 M)31.15 M33.61 M
Free Cash Flow(6.73 M)(25.08 M)14 M1.71 M2.31 M2.5 M
Invested Capital121.24 M174.33 M153.89 M134.76 M192.75 M187.2 M
Tangible Asset Value97.45 M127.71 M117.69 M107.51 M161.33 M152.3 M
Working Capital(2.02 M)5.48 M(1.59 M)(13.2 M)12.7 M13.71 M

Eurodry Fundamentals

About Eurodry Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Eurodry's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eurodry using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eurodry based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Working Capital12.7 M13.7 M
Invested Capital192.8 M187.2 M
Invested Capital Average167.9 M173.6 M
Market Capitalization54.2 M43.5 M
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. Eurodry operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eurodry without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Eurodry

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 Eurodry 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 Eurodry will appreciate offsetting losses from the drop in the long position's value.

Eurodry Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Eurodry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eurodry when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eurodry - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eurodry to buy it.
The correlation of Eurodry is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eurodry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eurodry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eurodry can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Eurodry Piotroski F Score and Eurodry Altman Z Score analysis. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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Is Eurodry's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eurodry. If investors know Eurodry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eurodry listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eurodry is measured differently than its book value, which is the value of Eurodry that is recorded on the company's balance sheet. Investors also form their own opinion of Eurodry's value that differs from its market value or its book value, called intrinsic value, which is Eurodry's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eurodry's market value can be influenced by many factors that don't directly affect Eurodry's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eurodry's value and its price as these two are different measures arrived at by different means. Investors typically determine Eurodry value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eurodry's 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.