Avid Debt Current vs Price to Sales Ratio Analysis

CDMO Stock  USD 6.80  0.18  2.58%   
Trend analysis of Avid Bioservices balance sheet accounts such as Short Long Term Debt Total of 228.5 M, Other Current Liabilities of 12.6 M or Total Current Liabilities of 89 M provides information on Avid Bioservices' total assets, liabilities, and equity, which is the actual value of Avid Bioservices to its prevalent stockholders. By breaking down trends over time using Avid Bioservices balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.

About Avid Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Avid Bioservices at a specified time, usually calculated after every quarter, six months, or one year. Avid Bioservices Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Avid Bioservices and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Avid currently owns. An asset can also be divided into two categories, current and non-current.

Avid Bioservices Balance Sheet Chart

Avid Bioservices Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Avid Bioservices uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Avid Bioservices' Net Debt is very stable compared to the past year. As of the 28th of March 2024, Accounts Payable is likely to grow to about 29.7 M, while Retained Earnings are likely to drop (407.1 M).

Total Assets

Total assets refers to the total amount of Avid Bioservices assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Avid Bioservices books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Avid Bioservices balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Avid Bioservices are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Avid Bioservices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avid Bioservices current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.As of the 28th of March 2024, Selling General Administrative is likely to grow to about 32.8 M. Also, Discontinued Operations is likely to grow to about 1 M
 2021 2022 2023 2024 (projected)
Total Operating Expenses21.2M27.9M32.1M28.1M
Cost Of Revenue82.9M117.8M135.5M142.2M

Avid Bioservices fundamental ratios Correlations

0.980.940.890.980.960.88-0.10.910.970.960.840.990.20.640.990.960.750.760.280.280.890.82-0.420.950.88
0.980.960.830.950.950.890.00.880.960.960.81.00.130.540.990.950.720.80.280.280.830.74-0.540.950.9
0.940.960.840.890.90.82-0.110.810.890.940.840.960.310.590.960.90.750.780.330.330.80.65-0.60.860.86
0.890.830.840.850.810.65-0.410.810.80.860.840.830.260.80.90.810.830.630.430.430.870.84-0.10.760.74
0.980.950.890.850.960.87-0.110.910.970.910.830.950.250.650.960.960.680.710.20.20.90.84-0.370.960.85
0.960.950.90.810.960.96-0.010.960.990.920.790.950.190.580.951.00.560.750.030.030.920.77-0.460.960.87
0.880.890.820.650.870.960.20.890.960.830.650.890.10.360.860.960.350.71-0.18-0.180.850.67-0.570.940.82
-0.10.0-0.11-0.41-0.11-0.010.2-0.060.03-0.18-0.520.0-0.36-0.81-0.09-0.01-0.42-0.18-0.4-0.4-0.15-0.1-0.360.09-0.17
0.910.880.810.810.910.960.89-0.060.940.850.710.880.110.60.890.960.530.660.020.020.90.76-0.310.880.79
0.970.960.890.80.970.990.960.030.940.910.770.960.180.540.950.990.560.730.040.040.910.79-0.460.980.87
0.960.960.940.860.910.920.83-0.180.850.910.90.960.10.660.970.920.770.890.340.340.810.69-0.520.870.96
0.840.80.840.840.830.790.65-0.520.710.770.90.80.310.860.830.790.740.860.350.350.750.6-0.350.730.9
0.991.00.960.830.950.950.890.00.880.960.960.80.130.540.990.950.720.790.280.280.840.74-0.540.950.9
0.20.130.310.260.250.190.1-0.360.110.180.10.310.130.420.170.190.19-0.090.070.070.30.24-0.110.170.01
0.640.540.590.80.650.580.36-0.810.60.540.660.860.540.420.610.580.680.540.370.370.660.560.070.480.61
0.990.990.960.90.960.950.86-0.090.890.950.970.830.990.170.610.950.770.780.320.320.870.79-0.450.930.89
0.960.950.90.810.961.00.96-0.010.960.990.920.790.950.190.580.950.560.750.030.030.920.77-0.460.960.87
0.750.720.750.830.680.560.35-0.420.530.560.770.740.720.190.680.770.560.580.830.830.540.61-0.170.550.63
0.760.80.780.630.710.750.71-0.180.660.730.890.860.79-0.090.540.780.750.580.240.240.570.37-0.590.690.97
0.280.280.330.430.20.03-0.18-0.40.020.040.340.350.280.070.370.320.030.830.241.00.00.180.020.060.22
0.280.280.330.430.20.03-0.18-0.40.020.040.340.350.280.070.370.320.030.830.241.00.00.180.020.060.22
0.890.830.80.870.90.920.85-0.150.90.910.810.750.840.30.660.870.920.540.570.00.00.91-0.210.870.72
0.820.740.650.840.840.770.67-0.10.760.790.690.60.740.240.560.790.770.610.370.180.180.910.010.80.55
-0.42-0.54-0.6-0.1-0.37-0.46-0.57-0.36-0.31-0.46-0.52-0.35-0.54-0.110.07-0.45-0.46-0.17-0.590.020.02-0.210.01-0.45-0.56
0.950.950.860.760.960.960.940.090.880.980.870.730.950.170.480.930.960.550.690.060.060.870.8-0.450.83
0.880.90.860.740.850.870.82-0.170.790.870.960.90.90.010.610.890.870.630.970.220.220.720.55-0.560.83
Click cells to compare fundamentals

Avid Bioservices Account Relationship Matchups

Avid Bioservices fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets107.6M265.5M429.8M451.1M518.7M544.6M
Short Long Term Debt Total26.9M118.2M182.5M189.2M217.6M228.5M
Other Current Liab3.8M9.6M9.5M10.4M12.0M12.6M
Total Current Liabilities44.5M70.9M75.8M73.7M84.8M89.0M
Total Stockholder Equity41.9M77.7M174.5M189.5M217.9M228.8M
Property Plant And Equipment Net47.2M56.1M129.8M220.1M253.2M265.8M
Net Debt(9.4M)(51.7M)56.4M150.7M173.3M182.0M
Retained Earnings(571.1M)(559.9M)(431.4M)(430.8M)(387.7M)(407.1M)
Accounts Payable5.9M9.3M9.5M24.6M28.3M29.7M
Non Current Assets Total47.9M57.7M249.8M338.6M389.4M408.9M
Net Receivables11.9M25.0M25.9M27.9M32.1M33.7M
Common Stock Shares Outstanding56.3M59.4M70.5M63.8M73.3M77.0M
Liabilities And Stockholders Equity107.6M265.5M429.8M451.1M518.7M544.6M
Non Current Liabilities Total21.2M116.8M179.6M187.9M216.1M226.9M
Other Current Assets712K1.1M1.9M2.1M2.4M1.2M
Other Stockholder Equity612.9M637.5M605.8M620.2M713.3M748.9M
Total Liab65.7M187.8M255.3M261.6M300.8M315.9M
Property Plant And Equipment Gross47.2M56.1M129.8M220.1M253.2M265.8M
Total Current Assets59.8M207.8M180.0M112.5M129.3M135.8M
Cash36.3M169.9M126.2M38.5M44.3M36.1M
Cash And Short Term Investments36.3M169.9M126.2M38.5M44.3M36.1M
Inventory10.9M11.9M26.1M43.9M50.5M53.0M
Short Term Debt5.6M1.4M3.0M1.4M1.6M1.5M
Other Assets652K1.6M120.1M118.5M136.2M143.0M
Property Plant Equipment27.1M37.5M93.0M177.4M204.0M214.2M
Current Deferred Revenue29.1M50.8M53.8M37.4M43.0M45.1M
Retained Earnings Total Equity(571.1M)(559.9M)(431.4M)(430.8M)(387.7M)(407.1M)
Deferred Long Term Liab2.2M2.1M900K3.5M4.0M4.2M
Net Tangible Assets41.9M77.7M174.5M189.5M217.9M228.8M
Capital Surpluse612.9M637.5M605.8M620.2M713.3M623.0M

Pair Trading with Avid Bioservices

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

Moving against Avid Stock

  0.57PFE Pfizer Inc Fiscal Quarter End 31st of March 2024 PairCorr
  0.56VALN Valneva SE ADR Financial Report 2nd of May 2024 PairCorr
  0.47CALT Calliditas Therapeutics Financial Report 21st of May 2024 PairCorr
The ability to find closely correlated positions to Avid Bioservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avid Bioservices 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 Avid Bioservices - 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 Avid Bioservices to buy it.
The correlation of Avid Bioservices is a statistical measure of how it moves in relation to other instruments. 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 Avid Bioservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Bioservices 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 Avid Bioservices 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
When determining whether Avid Bioservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avid Bioservices' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avid Bioservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avid Bioservices Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Avid Stock analysis

When running Avid Bioservices' price analysis, check to measure Avid Bioservices' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avid Bioservices is operating at the current time. Most of Avid Bioservices' value examination focuses on studying past and present price action to predict the probability of Avid Bioservices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avid Bioservices' price. Additionally, you may evaluate how the addition of Avid Bioservices to your portfolios can decrease your overall portfolio volatility.
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Is Avid Bioservices' 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 Avid Bioservices. If investors know Avid 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 Avid Bioservices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.80)
Earnings Share
(0.18)
Revenue Per Share
2.246
Quarterly Revenue Growth
(0.27)
Return On Assets
(0.01)
The market value of Avid Bioservices is measured differently than its book value, which is the value of Avid that is recorded on the company's balance sheet. Investors also form their own opinion of Avid Bioservices' value that differs from its market value or its book value, called intrinsic value, which is Avid Bioservices' 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 Avid Bioservices' market value can be influenced by many factors that don't directly affect Avid Bioservices' 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 Avid Bioservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avid Bioservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avid Bioservices' 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.