Euro Current Deferred Revenue vs Other Assets Analysis
| CLWT Stock | USD 1.56 0.06 4.00% |
Euro Tech financial indicator trend analysis is much more than just examining Euro Tech Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Euro Tech Holdings is a good investment. Please check the relationship between Euro Tech Current Deferred Revenue and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Euro Tech Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
Current Deferred Revenue vs Other Assets
Current Deferred Revenue vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Euro Tech Holdings Current Deferred Revenue account and Other Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Euro Tech's Current Deferred Revenue and Other Assets is 0.11. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Other Assets in the same time period over historical financial statements of Euro Tech Holdings, assuming nothing else is changed. The correlation between historical values of Euro Tech's Current Deferred Revenue and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Euro Tech Holdings are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Current Deferred Revenue i.e., Euro Tech's Current Deferred Revenue and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.11 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Other Assets
Most indicators from Euro Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Euro Tech Holdings 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 Euro Tech Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. At this time, Euro Tech's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 22.7 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.22 in 2024.
| 2021 | 2023 | 2024 (projected) | Interest Expense | 3K | 6.3K | 6.0K | Depreciation And Amortization | 38K | 38.0K | 36.1K |
Euro Tech fundamental ratios Correlations
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Euro Tech Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Euro Tech fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 22.2M | 20.1M | 21.3M | 19.4M | 22.3M | 20.7M | |
| Other Current Liab | 1.1M | 1.6M | 1.6M | 1.2M | 1.4M | 2.3M | |
| Total Current Liabilities | 6.7M | 5.5M | 6.4M | 4.5M | 5.1M | 6.7M | |
| Total Stockholder Equity | 14.5M | 13.9M | 13.9M | 13.8M | 15.8M | 13.0M | |
| Property Plant And Equipment Net | 1.1M | 492K | 453K | 398K | 358.2K | 340.3K | |
| Net Debt | (5.0M) | (2.9M) | (4.7M) | (5.2M) | (4.7M) | (4.9M) | |
| Retained Earnings | 4.3M | 3.8M | 3.8M | 3.6M | 4.2M | 5.4M | |
| Accounts Payable | 3.9M | 2.4M | 3.2M | 2.3M | 2.6M | 3.7M | |
| Cash | 6.0M | 3.5M | 5.3M | 5.6M | 6.5M | 5.3M | |
| Non Current Assets Total | 10.2M | 9.6M | 9.7M | 9.9M | 11.4M | 8.5M | |
| Non Currrent Assets Other | 9.5M | 71K | (9.6M) | 85K | 97.8K | 92.9K | |
| Cash And Short Term Investments | 6.0M | 3.5M | 5.3M | 5.6M | 6.5M | 5.3M | |
| Net Receivables | 4.3M | 3.9M | 3.9M | 2.0M | 2.3M | 2.1M | |
| Common Stock Shares Outstanding | 5.8M | 7.7M | 7.7M | 7.7M | 8.9M | 6.9M | |
| Liabilities And Stockholders Equity | 22.2M | 20.1M | 21.3M | 19.4M | 22.3M | 20.7M | |
| Non Current Liabilities Total | 216K | 99K | 44K | 87K | 78.3K | 74.4K | |
| Inventory | 586K | 342K | 547K | 603K | 542.7K | 947.3K | |
| Other Current Assets | 1.2M | 2.7M | 1.8M | 1.3M | 1.5M | 1.0M | |
| Other Stockholder Equity | 8.8M | 8.8M | 8.9M | 8.9M | 10.3M | 7.1M | |
| Total Liab | 6.9M | 5.6M | 6.4M | 4.6M | 5.2M | 6.7M | |
| Property Plant And Equipment Gross | 1.1M | 492K | 1.7M | 1.5M | 1.3M | 1.2M | |
| Total Current Assets | 12.0M | 10.4M | 11.5M | 9.5M | 10.9M | 12.4M | |
| Accumulated Other Comprehensive Income | 1.2M | 1.2M | 1.1M | 1.1M | 1.3M | 1.3M | |
| Short Term Debt | 735K | 479K | 551K | 335K | 301.5K | 385.1K | |
| Current Deferred Revenue | 900K | 1.1M | 1.1M | 630K | 567K | 901.2K | |
| Property Plant Equipment | 754K | 1.1M | 492K | 453K | 407.7K | 387.3K | |
| Net Tangible Assets | 13.5M | 13.4M | 12.9M | 12.8M | 11.5M | 11.1M | |
| Long Term Investments | 7.9M | 8.1M | 8.1M | 8.3M | 7.4M | 7.5M | |
| Short Long Term Debt | 565K | 361K | 376K | 222K | 199.8K | 394.8K | |
| Capital Lease Obligations | 386K | 212K | 216K | 200K | 230K | 139.4K |
Pair Trading with Euro Tech
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 Euro Tech 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 Euro Tech will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Euro Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euro Tech 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 Euro Tech - 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 Euro Tech Holdings to buy it.
The correlation of Euro Tech 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 Euro Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euro Tech Holdings 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 Euro Tech 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Euro Tech Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running Euro Tech's price analysis, check to measure Euro Tech's 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 Euro Tech is operating at the current time. Most of Euro Tech's value examination focuses on studying past and present price action to predict the probability of Euro Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euro Tech's price. Additionally, you may evaluate how the addition of Euro Tech to your portfolios can decrease your overall portfolio volatility.
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Is Euro Tech'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 Euro Tech. If investors know Euro 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 Euro Tech 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 0.819 | Earnings Share 0.04 | Revenue Per Share 2.092 | Quarterly Revenue Growth 0.182 | Return On Assets (0) |
The market value of Euro Tech Holdings is measured differently than its book value, which is the value of Euro that is recorded on the company's balance sheet. Investors also form their own opinion of Euro Tech's value that differs from its market value or its book value, called intrinsic value, which is Euro Tech'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 Euro Tech's market value can be influenced by many factors that don't directly affect Euro Tech'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 Euro Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Euro Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euro Tech'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.