Eurodry Assets Non Current vs Total Debt Analysis

EDRY -  USA Stock  

USD 17.71  1.38  7.23%

Eurodry financial indicator trend analysis is much more than just examining Eurodry latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eurodry is a good investment. Please check the relationship between Eurodry Assets Non Current and its Total Debt accounts. Continue to Investing Opportunities.

Assets Non Current vs Total Debt

Accounts Relationship

Assets Non Current vs Total Debt

Significance: Almost Identical Trend

Assets Non Current diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Eurodry Assets Non Current account and Total Debt

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Assets Non Current

Amount of non-current assets; for companies that operate a classified balance sheet. Calculated as the different between Total Assets Total Assets and Current Assets Current Assets.

Total Debt

Total Debt of Eurodry is a combination of both Eurodry short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Eurodry includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of Total Liabilities representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; operating lease obligations; and convertible notes.
Most indicators from Eurodry fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eurodry 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. Continue to Investing Opportunities.Selling General and Administrative Expense is likely to drop to about 2.4 M in 2022. Issuance Repayment of Debt Securities is likely to drop to about (5.1 M) in 2022
 2019 2020 2021 2022 (projected)
Interest Expense3.51 M2.33 M2.68 M2.77 M
Gross Profit13.68 M8.13 M9.34 M10.53 M

Eurodry fundamental ratios Correlations

0.880.990.890.990.820.950.780.980.760.180.83-0.59-0.870.990.55
0.880.820.920.890.590.930.710.90.420.610.57-0.18-0.870.850.85
0.990.820.840.980.850.920.770.960.820.070.86-0.67-0.840.990.45
0.890.920.840.90.620.930.890.930.460.50.64-0.29-0.880.880.6
0.990.890.980.90.840.950.80.960.750.230.84-0.59-0.90.990.56
0.820.590.850.620.840.630.750.690.94-0.051.0-0.86-0.850.890.26
0.950.930.920.930.950.630.730.980.550.350.65-0.36-0.80.910.65
0.780.710.770.890.80.750.730.770.580.320.76-0.5-0.890.830.32
0.980.90.960.930.960.690.980.770.630.250.7-0.44-0.810.940.57
0.760.420.820.460.750.940.550.580.63-0.330.94-0.94-0.660.810.07
0.180.610.070.50.23-0.050.350.320.25-0.33-0.080.52-0.460.170.79
0.830.570.860.640.841.00.650.760.70.94-0.08-0.89-0.830.890.21
-0.59-0.18-0.67-0.29-0.59-0.86-0.36-0.5-0.44-0.940.52-0.890.48-0.660.22
-0.87-0.87-0.84-0.88-0.9-0.85-0.8-0.89-0.81-0.66-0.46-0.830.48-0.91-0.63
0.990.850.990.880.990.890.910.830.940.810.170.89-0.66-0.910.5
0.550.850.450.60.560.260.650.320.570.070.790.210.22-0.630.5
Click cells to compare fundamentals

Eurodry Account Relationship Matchups

Eurodry fundamental ratios Accounts

201720182019202020212022 (projected)
Total Assets97.45 M127.71 M117.69 M107.51 M123.64 M127.26 M
Current Assets7.62 M14.47 M9.58 M6.06 M6.96 M8.36 M
Assets Non Current89.83 M113.24 M108.11 M101.46 M116.67 M118.9 M
Cash and Equivalents4.9 M7.75 M9.13 M4.61 M5.3 M6.12 M
Cash and Equivalents USD4.9 M7.75 M9.13 M4.61 M5.3 M6.12 M
Total Debt38.33 M63.36 M56.5 M51.11 M58.78 M58.59 M
Debt Current7.97 M6.93 M6.81 M13.79 M15.86 M12.61 M
Debt Non Current30.36 M56.43 M49.69 M37.32 M42.92 M45.98 M
Total Debt USD38.33 M63.36 M56.5 M51.11 M58.78 M58.59 M
Deferred Revenue289.74 K196.23 K445.82 K246.12 K283.04 K294.69 K
Shareholders Equity32.86 M43.54 M41.81 M34.6 M39.79 M42.24 M
Shareholders Equity USD32.86 M43.54 M41.81 M34.6 M39.79 M42.24 M
Inventory452.19 K566.95 K508.71 K1.39 M1.59 M1.72 M
Total Liabilities64.59 M65.41 M61.16 M56.97 M51.27 M52.56 M
Current Liabilities9.64 M8.98 M11.17 M19.26 M22.15 M17.58 M
Liabilities Non Current54.95 M56.43 M49.99 M37.71 M33.94 M39.13 M
Trade and Non Trade Payables346.97 K690.65 K2.59 M4.06 M3.65 M4.72 M
Property Plant and Equipment Net81.98 M110.64 M105.46 M99.31 M114.2 M113.58 M
Trade and Non Trade Receivables4.94 M8.55 M2.3 M1.99 M1.79 M2.56 M
Accumulated Retained Earnings Deficit(9.66 M)(9.1 M)(11.02 M)(18.47 M)(16.62 M)(17.94 M)

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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.

Eurodry Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Eurodry and International Seaways. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Investing Opportunities. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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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.
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 Eurodry value 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.