Editas Long Term Debt vs Net Debt Analysis
EDIT Stock | USD 5.62 0.15 2.74% |
Editas Medicine financial indicator trend analysis is much more than just examining Editas Medicine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Editas Medicine is a good investment. Please check the relationship between Editas Medicine Long Term Debt and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Editas Medicine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Editas Stock please use our How to Invest in Editas Medicine guide.
Long Term Debt vs Net Debt
Long Term Debt vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Editas Medicine Long Term Debt account and Net Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Editas Medicine's Long Term Debt and Net Debt is -0.66. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of Editas Medicine, assuming nothing else is changed. The correlation between historical values of Editas Medicine's Long Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Editas Medicine are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Debt i.e., Editas Medicine's Long Term Debt and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Editas Medicine has held for over one year. Long-term debt appears on Editas Medicine balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Editas Medicine balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Editas Medicine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Editas Medicine 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 Editas Medicine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Editas Stock please use our How to Invest in Editas Medicine guide.Enterprise Value is likely to gain to about 921.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 57.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 218.7M | 245.7M | 241.2M | 167.7M | Cost Of Revenue | 5.1M | 6.3M | 6.1M | 5.8M |
Editas Medicine fundamental ratios Correlations
Click cells to compare fundamentals
Editas Medicine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Editas Medicine fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 508.9M | 572.6M | 677.5M | 514.3M | 499.2M | 395.9M | |
Short Long Term Debt Total | 29.1M | 26.1M | 26.4M | 43.9M | 36.5M | 33.9M | |
Other Current Liab | 24.8M | 24.0M | 20.2M | 31.3M | 34.6M | 36.3M | |
Total Current Liabilities | 60.0M | 58.2M | 46.9M | 60.1M | 63.2M | 40.9M | |
Total Stockholder Equity | 262.4M | 393.6M | 553.6M | 360.7M | 349.1M | 239.8M | |
Other Liab | 163.2M | 101.5M | 60.9M | 60.7M | 69.8M | 71.4M | |
Property Plant And Equipment Net | 39.6M | 39.1M | 43.3M | 59.2M | 45.7M | 35.0M | |
Net Debt | (209.1M) | (113.5M) | (177.1M) | (97.6M) | (87.1M) | (91.5M) | |
Retained Earnings | (549.2M) | (665.2M) | (857.7M) | (1.1B) | (1.2B) | (1.2B) | |
Accounts Payable | 5.8M | 6.4M | 5.1M | 9.5M | 8.3M | 5.3M | |
Cash | 238.2M | 139.7M | 203.5M | 141.5M | 123.7M | 146.9M | |
Non Current Assets Total | 45.0M | 153.5M | 170.2M | 157.6M | 158.3M | 82.0M | |
Non Currrent Assets Other | 107K | 4.7M | 6.8M | 5.3M | 4.7M | 3.3M | |
Other Assets | 1.7M | 4.7M | 6.8M | 5.3M | 6.0M | 6.3M | |
Cash And Short Term Investments | 457.1M | 511.8M | 619.9M | 437.4M | 323.1M | 338.9M | |
Common Stock Shares Outstanding | 50.0M | 58.6M | 67.6M | 68.7M | 76.0M | 49.3M | |
Liabilities And Stockholders Equity | 508.9M | 572.6M | 677.5M | 514.3M | 499.2M | 395.9M | |
Non Current Liabilities Total | 186.5M | 120.8M | 77.0M | 93.5M | 86.8M | 115.2M | |
Other Current Assets | 6.3M | 10.9M | 7.2M | 7.3M | 7.5M | 4.3M | |
Other Stockholder Equity | 811.5M | 1.1B | 1.4B | 1.4B | 1.6B | 1.7B | |
Total Liab | 246.4M | 179.0M | 123.8M | 153.6M | 150.1M | 156.1M | |
Property Plant And Equipment Gross | 39.6M | 39.1M | 58.8M | 80.7M | 72.0M | 41.4M | |
Total Current Assets | 463.8M | 419.1M | 507.3M | 356.8M | 340.8M | 314.0M | |
Accumulated Other Comprehensive Income | 107K | (46K) | (493K) | (3.6M) | 198K | 207.9K | |
Property Plant Equipment | 39.6M | 14.0M | 17.1M | 15.6M | 17.9M | 23.1M | |
Net Tangible Assets | 262.4M | 393.6M | 553.6M | 360.7M | 414.8M | 250.7M | |
Current Deferred Revenue | 23.5M | 20.9M | 11.3M | 8.2M | 9.5M | 14.2M | |
Net Receivables | 418K | 6.0M | 267K | 5.1M | 10.2M | 10.7M | |
Short Term Debt | 5.8M | 6.8M | 10.3M | 11.1M | 12.2M | 9.5M | |
Short Term Investments | 219.0M | 262.4M | 296.3M | 202.8M | 199.5M | 195.2M | |
Capital Surpluse | 811.5M | 1.1B | 1.4B | 1.4B | 1.7B | 854.8M | |
Retained Earnings Total Equity | (549.2M) | (665.2M) | (857.7M) | (1.1B) | (970.3M) | (921.8M) | |
Capital Lease Obligations | 29.1M | 26.1M | 26.4M | 43.9M | 36.5M | 36.2M |
Editas Medicine Investors Sentiment
The influence of Editas Medicine's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Editas. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Editas Medicine's public news can be used to forecast risks associated with an investment in Editas. The trend in average sentiment can be used to explain how an investor holding Editas can time the market purely based on public headlines and social activities around Editas Medicine. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Editas Medicine's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Editas Medicine's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Editas Medicine's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Editas Medicine.
Editas Medicine Implied Volatility | 179.21 |
Editas Medicine's implied volatility exposes the market's sentiment of Editas Medicine stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Editas Medicine's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Editas Medicine stock will not fluctuate a lot when Editas Medicine's options are near their expiration.
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 Editas Medicine 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, Editas Medicine's short interest history, or implied volatility extrapolated from Editas Medicine options trading.
Pair Trading with Editas Medicine
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 Editas Medicine 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 Editas Medicine will appreciate offsetting losses from the drop in the long position's value.Moving together with Editas Stock
0.89 | VRAX | Virax Biolabs Group Fiscal Year End 12th of June 2024 | PairCorr |
Moving against Editas Stock
0.52 | LIXT | Lixte Biotechnology Earnings Call This Week | PairCorr |
0.42 | ELVN | Enliven Therapeutics Trending | PairCorr |
0.42 | INDP | Indaptus Therapeutics Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Editas Medicine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Editas Medicine 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 Editas Medicine - 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 Editas Medicine to buy it.
The correlation of Editas Medicine 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 Editas Medicine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Editas Medicine 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 Editas Medicine 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Editas Medicine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy Editas Stock please use our How to Invest in Editas Medicine guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Editas Stock analysis
When running Editas Medicine's price analysis, check to measure Editas Medicine'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 Editas Medicine is operating at the current time. Most of Editas Medicine's value examination focuses on studying past and present price action to predict the probability of Editas Medicine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Editas Medicine's price. Additionally, you may evaluate how the addition of Editas Medicine to your portfolios can decrease your overall portfolio volatility.
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Is Editas Medicine'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 Editas Medicine. If investors know Editas 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 Editas Medicine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.02) | Revenue Per Share 1.028 | Quarterly Revenue Growth 8.187 | Return On Assets (0.21) | Return On Equity (0.43) |
The market value of Editas Medicine is measured differently than its book value, which is the value of Editas that is recorded on the company's balance sheet. Investors also form their own opinion of Editas Medicine's value that differs from its market value or its book value, called intrinsic value, which is Editas Medicine'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 Editas Medicine's market value can be influenced by many factors that don't directly affect Editas Medicine'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 Editas Medicine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Editas Medicine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Editas Medicine'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.