EuroDry Historical Income Statement
| EDRY Stock | USD 20.23 0.01 0.05% |
Historical analysis of EuroDry income statement accounts such as Interest Expense of 3.4 M or Selling General Administrative of 5.7 M can show how well EuroDry performed in making a profits. Evaluating EuroDry income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of EuroDry's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining EuroDry latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether EuroDry is a good buy for the upcoming year.
EuroDry |
About EuroDry Income Statement Analysis
EuroDry Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to EuroDry shareholders. The income statement also shows EuroDry investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
EuroDry Income Statement Chart
EuroDry Income Statement is one of the three primary financial statements used for reporting EuroDry's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of EuroDry revenue and expense. EuroDry Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, EuroDry's Interest Income is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 5.7 M in 2024, despite the fact that Net Interest Income is likely to grow to (4.9 M). Add Fundamental
Total Revenue
Total revenue comprises all receipts EuroDry generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of EuroDry. It is also known as EuroDry overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from EuroDry's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into EuroDry current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 EuroDry. 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 EuroDry Stock please use our How to Invest in EuroDry guide.At this time, EuroDry's Interest Income is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 5.7 M in 2024, despite the fact that Net Interest Income is likely to grow to (4.9 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.3M | 3.9M | 6.5M | 3.4M | Depreciation And Amortization | 7.7M | 7.9M | 11.2M | 7.4M |
EuroDry income statement Correlations
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EuroDry Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EuroDry income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Net Interest Income | (3.5M) | (2.3M) | (2.3M) | (3.8M) | (5.2M) | (4.9M) | |
| Interest Income | 22.2K | 4.1K | 10.5K | 46.3K | 778.3K | 817.2K | |
| Depreciation And Amortization | 6.5M | 6.6M | 7.7M | 7.9M | 11.2M | 7.4M | |
| Interest Expense | 3.5M | 2.3M | 2.3M | 3.9M | 6.5M | 3.4M | |
| Selling General Administrative | 5.9M | 6.6M | 5.1M | 10.9M | 3.2M | 5.7M | |
| Total Revenue | 27.2M | 22.3M | 64.4M | 70.2M | 47.6M | 39.0M | |
| Gross Profit | 8.9M | 3.8M | 44.0M | 42.1M | 8.3M | 7.9M | |
| Other Operating Expenses | 24.2M | 25.0M | 25.6M | 38.9M | 46.0M | 28.4M | |
| Operating Income | 3.0M | (2.7M) | 38.9M | 34.1M | 1.6M | 1.5M | |
| Net Income From Continuing Ops | 16.5K | (5.9M) | 31.2M | 33.5M | 3.0M | 2.9M | |
| Ebit | 3.0M | (2.7M) | 38.9M | 34.1M | 1.6M | 1.5M | |
| Ebitda | 9.5M | 3.8M | 46.6M | 42.1M | 12.8M | 18.3M | |
| Cost Of Revenue | 18.4M | 18.4M | 20.5M | 28.1M | 39.3M | 22.3M | |
| Total Operating Expenses | 5.9M | 6.6M | 5.1M | 10.9M | 6.7M | 6.1M | |
| Income Before Tax | 16.5K | (5.9M) | 31.2M | 33.5M | (3.3M) | (3.1M) | |
| Total Other Income Expense Net | (3.0M) | (3.1M) | (7.7M) | (574.1K) | (4.9M) | (5.1M) | |
| Net Income Applicable To Common Shares | (1.9M) | (7.5M) | 29.4M | 33.5M | 38.6M | 40.5M | |
| Net Income | (3.5M) | (8.2M) | 31.2M | 33.5M | (2.9M) | (2.8M) | |
| Income Tax Expense | 3.5M | 2.3M | 2.3M | (6.1M) | (374.1K) | (355.4K) | |
| Reconciled Depreciation | 6.5M | 6.6M | 7.7M | 10.8M | 10.3M | 8.2M |
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 EuroDry 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, EuroDry's short interest history, or implied volatility extrapolated from EuroDry options trading.
Pair Trading with EuroDry
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 EuroDry 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 EuroDry will appreciate offsetting losses from the drop in the long position's value.Moving against EuroDry Stock
| 0.51 | MATX | Matson Inc Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to EuroDry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EuroDry 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 EuroDry - 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 EuroDry to buy it.
The correlation of EuroDry 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 EuroDry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EuroDry 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 EuroDry 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 EuroDry. 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 EuroDry Stock please use our How to Invest in EuroDry guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for EuroDry Stock analysis
When running EuroDry's price analysis, check to measure EuroDry'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 EuroDry is operating at the current time. Most of EuroDry's value examination focuses on studying past and present price action to predict the probability of EuroDry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EuroDry's price. Additionally, you may evaluate how the addition of EuroDry to your portfolios can decrease your overall portfolio volatility.
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Is EuroDry'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 EuroDry. If investors know EuroDry 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 EuroDry 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 (0.94) | Earnings Share (1.05) | Revenue Per Share 17.224 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0032 |
The market value of EuroDry is measured differently than its book value, which is the value of EuroDry that is recorded on the company's balance sheet. Investors also form their own opinion of EuroDry's value that differs from its market value or its book value, called intrinsic value, which is EuroDry'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 EuroDry's market value can be influenced by many factors that don't directly affect EuroDry'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 EuroDry's value and its price as these two are different measures arrived at by different means. Investors typically determine if EuroDry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EuroDry'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.