EDAP Current Ratio vs Book Value per Share Analysis

EDAP Stock

USD 7.13 0.23 3.13%

EDAP TMS financial indicator trend analysis is much more than just examining EDAP TMS SA latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EDAP TMS SA is a good investment. Please check the relationship between EDAP TMS Current Ratio and its Book Value Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EDAP TMS SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Current Ratio vs Book Value Per Share

Current Ratio vs Book Value per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EDAP TMS SA Current Ratio account and Book Value per Share. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between EDAP TMS's Current Ratio and Book Value per Share is 0.54. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of EDAP TMS SA, assuming nothing else is changed. The correlation between historical values of EDAP TMS's Current Ratio and Book Value per Share 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 Ratio of EDAP TMS SA are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Current Ratio i.e., EDAP TMS's Current Ratio and Book Value per Share go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from EDAP TMS's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EDAP TMS SA 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 EDAP TMS SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

At this time, EDAP TMS's Selling General Administrative is relatively stable compared to the past year. As of 04/19/2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Enterprise Value Over EBITDA is likely to drop (8.80).

	2021	2022	2023	2024 (projected)
Gross Profit	18.4M	24.2M	23.9M	14.0M
Total Revenue	44.1M	55.1M	59.2M	33.0M

Gross Profit Total Revenue

EDAP TMS fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.09	0.49	0.73	0.89	0.7	-0.9	-0.25	0.4	0.9	0.83	0.68	0.9	0.55	0.64	0.35	0.69	-0.4	0.73	0.78	0.8	1.0	-0.31	0.16	0.48	0.67
Short Long Term Debt Total	0.09		-0.08	0.41	0.05	0.28	0.05	-0.2	0.06	0.12	0.09	0.0	0.13	0.32	0.0	0.11	-0.02	-0.38	0.15	0.4	0.25	0.09	0.78	-0.33	-0.08	-0.02
Other Current Liab	0.49	-0.08		0.07	0.51	0.09	-0.52	0.42	-0.19	0.49	0.3	0.21	0.49	0.19	-0.02	0.1	0.15	-0.31	0.12	0.1	0.25	0.5	-0.32	0.44	-0.15	0.01
Total Current Liabilities	0.73	0.41	0.07		0.55	0.66	-0.52	-0.4	0.52	0.58	0.67	0.57	0.58	0.69	0.55	0.14	0.56	-0.43	0.58	0.93	0.61	0.72	0.23	-0.09	0.44	0.54
Total Stockholder Equity	0.89	0.05	0.51	0.55		0.81	-0.95	-0.3	0.6	0.96	0.77	0.61	0.96	0.5	0.45	0.3	0.87	-0.45	0.85	0.59	0.92	0.89	-0.36	0.24	0.26	0.48
Property Plant And Equipment Net	0.7	0.28	0.09	0.66	0.81		-0.72	-0.51	0.81	0.78	0.81	0.53	0.77	0.49	0.49	0.36	0.89	-0.34	0.84	0.72	0.88	0.67	-0.07	0.06	0.36	0.48
Net Debt	-0.9	0.05	-0.52	-0.52	-0.95	-0.72		0.42	-0.51	-0.99	-0.67	-0.63	-0.98	-0.29	-0.64	-0.45	-0.8	0.35	-0.87	-0.63	-0.87	-0.91	0.46	-0.05	-0.47	-0.67
Retained Earnings	-0.25	-0.2	0.42	-0.4	-0.3	-0.51	0.42		-0.6	-0.45	-0.06	-0.26	-0.46	0.14	-0.68	-0.5	-0.51	0.0	-0.75	-0.54	-0.53	-0.27	-0.06	0.75	-0.65	-0.67
Accounts Payable	0.4	0.06	-0.19	0.52	0.6	0.81	-0.51	-0.6		0.53	0.51	0.53	0.53	0.44	0.25	0.2	0.88	-0.41	0.77	0.53	0.75	0.38	-0.14	0.03	0.15	0.24
Cash	0.9	0.12	0.49	0.58	0.96	0.78	-0.99	-0.45	0.53		0.67	0.62	1.0	0.34	0.62	0.46	0.8	-0.41	0.9	0.68	0.91	0.91	-0.32	-0.01	0.44	0.65
Non Current Assets Total	0.83	0.09	0.3	0.67	0.77	0.81	-0.67	-0.06	0.51	0.67		0.63	0.66	0.68	0.42	0.24	0.69	-0.34	0.55	0.67	0.7	0.78	-0.27	0.45	0.3	0.42
Non Currrent Assets Other	0.68	0.0	0.21	0.57	0.61	0.53	-0.63	-0.26	0.53	0.62	0.63		0.62	0.39	0.39	0.42	0.53	-0.67	0.55	0.65	0.68	0.67	-0.44	0.15	0.28	0.41
Cash And Short Term Investments	0.9	0.13	0.49	0.58	0.96	0.77	-0.98	-0.46	0.53	1.0	0.66	0.62		0.34	0.62	0.46	0.8	-0.42	0.9	0.68	0.92	0.91	-0.31	-0.02	0.44	0.65
Net Receivables	0.55	0.32	0.19	0.69	0.5	0.49	-0.29	0.14	0.44	0.34	0.68	0.39	0.34		-0.05	-0.2	0.48	-0.51	0.28	0.53	0.48	0.53	0.17	0.52	-0.18	-0.06
Common Stock Shares Outstanding	0.64	0.0	-0.02	0.55	0.45	0.49	-0.64	-0.68	0.25	0.62	0.42	0.39	0.62	-0.05		0.58	0.42	0.16	0.64	0.7	0.47	0.66	-0.21	-0.48	0.98	1.0
Non Current Liabilities Total	0.35	0.11	0.1	0.14	0.3	0.36	-0.45	-0.5	0.2	0.46	0.24	0.42	0.46	-0.2	0.58		0.26	-0.05	0.46	0.49	0.39	0.36	-0.36	-0.38	0.55	0.59
Inventory	0.69	-0.02	0.15	0.56	0.87	0.89	-0.8	-0.51	0.88	0.8	0.69	0.53	0.8	0.48	0.42	0.26		-0.33	0.9	0.59	0.89	0.68	-0.28	0.14	0.27	0.42
Other Current Assets	-0.4	-0.38	-0.31	-0.43	-0.45	-0.34	0.35	0.0	-0.41	-0.41	-0.34	-0.67	-0.42	-0.51	0.16	-0.05	-0.33		-0.32	-0.4	-0.53	-0.4	0.01	-0.21	0.32	0.13
Other Stockholder Equity	0.73	0.15	0.12	0.58	0.85	0.84	-0.87	-0.75	0.77	0.9	0.55	0.55	0.9	0.28	0.64	0.46	0.9	-0.32		0.68	0.93	0.74	-0.21	-0.22	0.49	0.66
Total Liab	0.78	0.4	0.1	0.93	0.59	0.72	-0.63	-0.54	0.53	0.68	0.67	0.65	0.68	0.53	0.7	0.49	0.59	-0.4	0.68		0.68	0.77	0.06	-0.22	0.59	0.69
Property Plant And Equipment Gross	0.8	0.25	0.25	0.61	0.92	0.88	-0.87	-0.53	0.75	0.91	0.7	0.68	0.92	0.48	0.47	0.39	0.89	-0.53	0.93	0.68		0.79	-0.19	0.03	0.28	0.49
Total Current Assets	1.0	0.09	0.5	0.72	0.89	0.67	-0.91	-0.27	0.38	0.91	0.78	0.67	0.91	0.53	0.66	0.36	0.68	-0.4	0.74	0.77	0.79		-0.31	0.12	0.5	0.68
Short Term Debt	-0.31	0.78	-0.32	0.23	-0.36	-0.07	0.46	-0.06	-0.14	-0.32	-0.27	-0.44	-0.31	0.17	-0.21	-0.36	-0.28	0.01	-0.21	0.06	-0.19	-0.31		-0.35	-0.2	-0.25
Intangible Assets	0.16	-0.33	0.44	-0.09	0.24	0.06	-0.05	0.75	0.03	-0.01	0.45	0.15	-0.02	0.52	-0.48	-0.38	0.14	-0.21	-0.22	-0.22	0.03	0.12	-0.35		-0.53	-0.48
Common Stock Total Equity	0.48	-0.08	-0.15	0.44	0.26	0.36	-0.47	-0.65	0.15	0.44	0.3	0.28	0.44	-0.18	0.98	0.55	0.27	0.32	0.49	0.59	0.28	0.5	-0.2	-0.53		0.96
Common Stock	0.67	-0.02	0.01	0.54	0.48	0.48	-0.67	-0.67	0.24	0.65	0.42	0.41	0.65	-0.06	1.0	0.59	0.42	0.13	0.66	0.69	0.49	0.68	-0.25	-0.48	0.96

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EDAP TMS Account Relationship Matchups

EDAP TMS fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.1M	55.2M	77.2M	101.1M	91.6M	50.7M
Short Long Term Debt Total	8.7M	5.4M	8.2M	6.7M	5.8M	7.3M
Other Current Liab	4.2M	5.7M	7.1M	9.2M	2.6M	5.2M
Total Current Liabilities	17.5M	21.5M	18.0M	21.7M	27.6M	16.2M
Total Stockholder Equity	27.4M	26.2M	50.1M	71.6M	57.0M	59.8M
Property Plant And Equipment Net	6.7M	5.6M	5.2M	6.0M	8.2M	8.6M
Net Debt	(12.2M)	(19.3M)	(39.0M)	(56.5M)	(37.7M)	(35.8M)
Retained Earnings	(38.4M)	(40.1M)	(39.4M)	(42.4M)	(63.5M)	(60.4M)
Accounts Payable	6.0M	10.5M	5.5M	6.6M	18.5M	19.4M
Cash	20.9M	24.7M	47.2M	63.1M	43.5M	45.6M
Non Current Assets Total	11.0M	9.8M	9.8M	10.6M	13.1M	8.8M
Non Currrent Assets Other	640K	1.8M	2.3M	1.4M	2.5M	1.2M
Cash And Short Term Investments	20.9M	24.7M	47.2M	63.1M	43.5M	45.7M
Net Receivables	12.6M	12.3M	12.1M	14.9M	19.3M	13.7M
Common Stock Shares Outstanding	29.6M	29.1M	32.4M	34.4M	37.0M	19.3M
Liabilities And Stockholders Equity	53.1M	55.2M	77.2M	101.1M	91.6M	50.7M
Non Current Liabilities Total	8.2M	7.4M	9.2M	7.8M	7.0M	7.3M
Inventory	8.2M	8.0M	7.5M	11.8M	15.1M	15.9M
Other Current Assets	21.2M	369K	582K	659K	659.5K	626.6K
Other Stockholder Equity	65.4M	65.6M	88.7M	113.1M	120.2M	126.2M
Total Liab	25.7M	28.9M	27.2M	29.5M	34.7M	23.5M
Property Plant And Equipment Gross	6.7M	5.6M	15.1M	15.7M	18.6M	19.5M
Total Current Assets	42.1M	45.4M	67.4M	90.5M	78.5M	41.9M
Accumulated Other Comprehensive Income	(3.4M)	(3.1M)	(3.6M)	(3.8M)	(4.5M)	(4.3M)
Short Term Debt	5.3M	2.6M	1.9M	1.8M	2.5M	3.4M
Intangible Assets	770K	760K	728K	724K	1.1M	1.1M
Common Stock	3.8M	3.8M	4.4M	4.8M	4.9M	2.6M
Current Deferred Revenue	1.9M	2.7M	3.4M	4.1M	4.1M	4.3M
Other Liab	4.8M	4.9M	4.6M	3.0M	3.4M	4.3M
Long Term Debt	957K	1.1M	4.9M	3.6M	2.0M	3.2M
Property Plant Equipment	6.7M	5.6M	5.2M	6.0M	6.9M	4.3M
Net Tangible Assets	24.2M	23.1M	46.9M	68.5M	78.8M	82.7M
Short Long Term Debt	4.0M	2.6M	1.9M	1.8M	4.0M	2.7M

Pair Trading with EDAP TMS

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

Moving together with EDAP Stock

0.61

ELMD

Electromed

Pair Corr

Moving against EDAP Stock

0.77	TFX	Teleflex Incorporated Financial Report 2nd of May 2024	Pair Corr
0.73	IVP	Inspire Veterinary	Pair Corr
0.7	EMBC	Embecta Corp Financial Report 10th of May 2024	Pair Corr
0.63	DYNT	Dynatronics Financial Report 9th of May 2024	Pair Corr
0.45	AHG	Akso Health Group	Pair Corr

The ability to find closely correlated positions to EDAP TMS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EDAP TMS 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 EDAP TMS - 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 EDAP TMS SA to buy it.

The correlation of EDAP TMS 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 EDAP TMS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EDAP TMS SA 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 EDAP TMS 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 Correlation Correlation Matching

When determining whether EDAP TMS SA is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if EDAP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Edap Tms Sa Stock. Highlighted below are key reports to facilitate an investment decision about Edap Tms Sa Stock:

How To Invest In EDAP

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Is EDAP Stock a good investment?

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What is EDAP TMS's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EDAP TMS SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

Note that the EDAP TMS SA information on this page should be used as a complementary analysis to other EDAP TMS'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 the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for EDAP Stock analysis

When running EDAP TMS's price analysis, check to measure EDAP TMS'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 EDAP TMS is operating at the current time. Most of EDAP TMS's value examination focuses on studying past and present price action to predict the probability of EDAP TMS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDAP TMS's price. Additionally, you may evaluate how the addition of EDAP TMS to your portfolios can decrease your overall portfolio volatility.

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Is EDAP TMS'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 EDAP TMS. If investors know EDAP 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 EDAP TMS 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

(0.62)

Earnings Share

(0.61)

Revenue Per Share

1.633

Quarterly Revenue Growth

0.248

Return On Assets

(0.11)

The market value of EDAP TMS SA is measured differently than its book value, which is the value of EDAP that is recorded on the company's balance sheet. Investors also form their own opinion of EDAP TMS's value that differs from its market value or its book value, called intrinsic value, which is EDAP TMS'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 EDAP TMS's market value can be influenced by many factors that don't directly affect EDAP TMS'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 EDAP TMS's value and its price as these two are different measures arrived at by different means. Investors typically determine if EDAP TMS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EDAP TMS'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.

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EDAP Current Ratio vs Book Value per Share Analysis

Current Ratio vs Book Value Per Share

Current Ratio vs Book Value per Share Correlation Analysis

Correlation Coefficient

Current Ratio

Book Value Per Share

EDAP TMS fundamental ratios Correlations

EDAP TMS Account Relationship Matchups

High Positive Relationship

High Negative Relationship

EDAP TMS fundamental ratios Accounts

Pair Trading with EDAP TMS

Moving together with EDAP Stock

Moving against EDAP Stock

Complementary Tools for EDAP Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.98	Common Stock Shares Outstanding
Cash	+ 0.96	Total Stockholder Equity
Cash And Short Term Investments	+ 0.96	Total Stockholder Equity

Cash	- 0.99	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Net Debt	- 0.95	Total Stockholder Equity
Total Current Assets	- 0.91	Net Debt
Net Debt	- 0.9	Total Assets
Property Plant And Equipment Gross	- 0.87	Net Debt