Durect Operating Income vs Total Debt Analysis

DRRX Stock  USD 1.34  0.07  5.51%   
Trend analysis of Durect balance sheet accounts such as Other Current Liabilities of 4.5 M or Total Current Liabilities of 14.1 M provides information on Durect's total assets, liabilities, and equity, which is the actual value of Durect to its prevalent stockholders. By breaking down trends over time using Durect 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durect. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Durect Stock please use our How to Invest in Durect guide.

About Durect Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Durect at a specified time, usually calculated after every quarter, six months, or one year. Durect Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Durect 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 Durect currently owns. An asset can also be divided into two categories, current and non-current.

Durect Balance Sheet Chart

Durect 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 Durect uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Durect's Common Stock is fairly stable compared to the past year. Long Term Investments is likely to rise to about 929.8 K in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 24.1 M in 2024.

Total Assets

Total assets refers to the total amount of Durect 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 Durect 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 Durect balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Durect 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 Durect's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Durect 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durect. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Durect Stock please use our How to Invest in Durect guide.Selling General Administrative is likely to drop to about 11.6 M in 2024. Discontinued Operations is likely to drop to about 11 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit12.0M17.7M7.6M7.2M
Total Revenue14.0M19.3M9.2M8.7M

Durect fundamental ratios Correlations

0.70.590.420.590.75-0.31-0.710.30.670.57-0.350.950.590.670.650.210.63-0.010.510.680.680.750.99-0.150.49
0.70.490.140.410.51-0.23-0.70.390.60.6-0.490.620.550.670.65-0.10.640.20.420.690.540.510.670.230.22
0.590.490.470.250.19-0.25-0.740.80.75-0.05-0.450.650.430.770.77-0.190.350.00.480.820.550.190.650.150.78
0.420.140.47-0.260.45-0.25-0.50.60.360.3-0.250.460.110.440.40.090.170.280.030.480.750.450.4-0.250.38
0.590.410.25-0.260.37-0.39-0.25-0.030.470.22-0.070.550.440.390.39-0.05-0.03-0.380.470.28-0.170.370.6-0.240.06
0.750.510.190.450.37-0.13-0.320.130.270.79-0.10.650.190.390.360.370.44-0.090.190.240.591.00.69-0.260.05
-0.31-0.23-0.25-0.25-0.39-0.130.32-0.45-0.73-0.020.16-0.41-0.58-0.52-0.510.630.140.3-0.12-0.33-0.1-0.13-0.330.630.13
-0.71-0.7-0.74-0.5-0.25-0.320.32-0.65-0.66-0.420.74-0.65-0.55-0.85-0.820.17-0.51-0.39-0.61-0.93-0.68-0.32-0.7-0.09-0.61
0.30.390.80.6-0.030.13-0.45-0.650.66-0.03-0.480.340.30.720.71-0.460.10.050.280.730.490.130.33-0.040.4
0.670.60.750.360.470.27-0.73-0.660.660.06-0.260.760.650.80.8-0.480.3-0.260.380.740.460.270.72-0.280.46
0.570.6-0.050.30.220.79-0.02-0.42-0.030.06-0.340.40.20.360.320.30.450.340.130.250.510.790.46-0.03-0.12
-0.35-0.49-0.45-0.25-0.07-0.10.160.74-0.48-0.26-0.34-0.22-0.53-0.6-0.580.13-0.34-0.44-0.6-0.68-0.42-0.1-0.32-0.32-0.22
0.950.620.650.460.550.65-0.41-0.650.340.760.4-0.220.660.650.640.140.57-0.080.360.640.660.650.97-0.170.53
0.590.550.430.110.440.19-0.58-0.550.30.650.2-0.530.660.540.53-0.10.40.020.30.590.360.190.610.060.13
0.670.670.770.440.390.39-0.52-0.850.720.80.36-0.60.650.541.0-0.430.370.020.540.80.590.390.67-0.060.51
0.650.650.770.40.390.36-0.51-0.820.710.80.32-0.580.640.531.0-0.460.37-0.040.530.770.580.360.65-0.060.52
0.21-0.1-0.190.09-0.050.370.630.17-0.46-0.480.30.130.14-0.1-0.43-0.460.260.28-0.11-0.170.160.370.180.270.06
0.630.640.350.17-0.030.440.14-0.510.10.30.45-0.340.570.40.370.370.260.20.280.440.770.440.610.30.44
-0.010.20.00.28-0.38-0.090.3-0.390.05-0.260.34-0.44-0.080.020.02-0.040.280.20.010.280.3-0.09-0.070.440.09
0.510.420.480.030.470.19-0.12-0.610.280.380.13-0.60.360.30.540.53-0.110.280.010.610.210.190.54-0.040.42
0.680.690.820.480.280.24-0.33-0.930.730.740.25-0.680.640.590.80.77-0.170.440.280.610.60.240.690.080.61
0.680.540.550.75-0.170.59-0.1-0.680.490.460.51-0.420.660.360.590.580.160.770.30.210.60.590.650.050.52
0.750.510.190.450.371.0-0.13-0.320.130.270.79-0.10.650.190.390.360.370.44-0.090.190.240.590.69-0.260.05
0.990.670.650.40.60.69-0.33-0.70.330.720.46-0.320.970.610.670.650.180.61-0.070.540.690.650.69-0.160.55
-0.150.230.15-0.25-0.24-0.260.63-0.09-0.04-0.28-0.03-0.32-0.170.06-0.06-0.060.270.30.44-0.040.080.05-0.26-0.160.21
0.490.220.780.380.060.050.13-0.610.40.46-0.12-0.220.530.130.510.520.060.440.090.420.610.520.050.550.21
Click cells to compare fundamentals

Durect Account Relationship Matchups

Durect fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets86.0M75.6M92.0M60.1M54.1M57.1M
Short Long Term Debt Total26.8M25.8M24.3M23.3M26.8M24.1M
Other Current Liab6.3M5.8M6.8M7.9M9.1M4.5M
Total Current Liabilities36.8M10.7M10.1M18.1M20.8M14.1M
Total Stockholder Equity22.9M40.1M57.8M25.0M22.5M28.5M
Property Plant And Equipment Net6.5M5M3.7M2.1M1.9M3.7M
Net Debt(8.1M)4.5M(25.5M)(20.2M)(18.2M)(17.3M)
Retained Earnings(489.2M)(489.8M)(526.0M)(561.4M)(505.2M)(480.0M)
Accounts Payable2.1M1.7M1.3M3.1M3.6M1.9M
Cash34.9M21.3M49.8M43.5M50.0M25.7M
Non Current Assets Total14.2M12.6M10.3M8.7M7.8M13.4M
Non Currrent Assets Other1.3M1.3M411K256K230.4K218.9K
Cash And Short Term Investments64.7M40.7M69.8M43.5M39.1M37.5M
Net Receivables2.3M940K6.5M3.4M3.9M2.7M
Common Stock Total Equity16K19K20K23K26.5K27.8K
Common Stock Shares Outstanding17.8M19.9M22.5M22.8M26.2M27.5M
Short Term Investments7.4M2.7M29.8M19.4M20.0M0.0
Liabilities And Stockholders Equity86.0M75.6M92.0M60.1M54.1M57.1M
Non Current Liabilities Total26.4M24.8M24.2M17.0M15.3M18.4M
Inventory3.4M1.9M1.9M2.1M2.4M2.9M
Other Current Assets1.5M4.5M3.6M2.4M2.7M2.4M
Other Stockholder Equity512.0M529.9M583.8M586.4M674.3M381.0M
Total Liab63.2M35.5M34.2M35.1M40.4M39.3M
Property Plant And Equipment Gross6.5M5M3.7M2.1M1.9M3.7M
Total Current Assets71.8M63.1M81.7M51.4M46.3M43.7M
Common Stock16K19K20K23K26.5K27.8K
Long Term Debt20.3M19.9M20.6M15.9M14.3M14.2M
Property Plant Equipment469K251K3.7M188K169.2K160.7K
Other Liab1.6M1.7M1.7M851K765.9K727.6K
Current Deferred Revenue1.4M26.3M545K98K112.7K107.1K
Other Assets1.3M6.2M411K406K365.4K347.1K
Net Tangible Assets21.8M38.0M51.6M19.1M21.9M21.4M
Retained Earnings Total Equity(489.2M)(489.8M)(526.0M)(561.4M)(505.2M)(530.5M)
Capital Surpluse512.0M529.9M583.8M586.4M674.3M509.9M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Durect in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Durect's short interest history, or implied volatility extrapolated from Durect options trading.

Pair Trading with Durect

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

Moving together with Durect Stock

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The ability to find closely correlated positions to Durect could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Durect 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 Durect - 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 Durect to buy it.
The correlation of Durect 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 Durect moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Durect 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 Durect 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 Durect offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Durect's 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 Durect Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Durect Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durect. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Durect Stock please use our How to Invest in Durect guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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Is Durect'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 Durect. If investors know Durect 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 Durect listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.53)
Revenue Per Share
0.374
Quarterly Revenue Growth
(0.85)
Return On Assets
(0.43)
Return On Equity
(1.49)
The market value of Durect is measured differently than its book value, which is the value of Durect that is recorded on the company's balance sheet. Investors also form their own opinion of Durect's value that differs from its market value or its book value, called intrinsic value, which is Durect'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 Durect's market value can be influenced by many factors that don't directly affect Durect'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 Durect's value and its price as these two are different measures arrived at by different means. Investors typically determine if Durect is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Durect'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.