EuroDry Interest Expense vs Operating Income Analysis

EDRY Stock  USD 20.75  0.76  3.53%   
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 Interest Expense and its Operating Income accounts. 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.

Interest Expense vs Operating Income

Interest Expense vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EuroDry Interest Expense account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between EuroDry's Interest Expense and Operating Income is 0.43. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Operating Income in the same time period over historical financial statements of EuroDry, assuming nothing else is changed. The correlation between historical values of EuroDry's Interest Expense and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of EuroDry are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Expense i.e., EuroDry's Interest Expense and Operating Income go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Operating Income

Operating Income is the amount of profit realized from EuroDry operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of EuroDry is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most indicators from EuroDry's 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. 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.Selling General Administrative is likely to rise to about 5.7 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense2.3M3.9M6.5M3.4M
Depreciation And Amortization7.7M7.9M11.2M7.4M

EuroDry fundamental ratios Correlations

0.970.570.910.98-0.770.910.980.490.870.890.880.770.98-0.74-0.760.910.770.8-0.770.920.790.80.750.720.36
0.970.660.930.96-0.870.860.990.580.920.80.830.740.96-0.85-0.860.970.740.77-0.870.870.890.90.670.710.35
0.570.660.710.55-0.740.480.70.260.810.340.580.150.65-0.74-0.740.570.150.35-0.740.50.770.750.250.670.23
0.910.930.710.94-0.880.80.920.50.830.750.840.750.87-0.9-0.910.870.750.77-0.880.780.910.880.440.660.59
0.980.960.550.94-0.830.880.960.50.820.870.880.830.94-0.78-0.790.920.830.81-0.830.860.830.830.630.650.5
-0.77-0.87-0.74-0.88-0.83-0.68-0.82-0.57-0.82-0.57-0.71-0.63-0.740.940.95-0.9-0.63-0.621.0-0.62-0.95-0.97-0.26-0.59-0.49
0.910.860.480.80.88-0.680.880.430.750.980.960.710.89-0.61-0.660.780.710.7-0.680.960.60.640.730.870.2
0.980.990.70.920.96-0.820.880.480.940.820.870.670.99-0.81-0.820.920.670.79-0.820.890.860.860.720.770.31
0.490.580.260.50.5-0.570.430.480.390.360.270.690.42-0.58-0.580.670.690.11-0.570.520.560.510.340.220.12
0.870.920.810.830.82-0.820.750.940.390.650.750.420.92-0.8-0.810.870.420.71-0.810.770.860.880.660.790.13
0.890.80.340.750.87-0.570.980.820.360.650.940.750.85-0.52-0.560.720.750.72-0.570.940.510.530.740.790.24
0.880.830.580.840.88-0.710.960.870.270.750.940.640.87-0.65-0.70.730.640.74-0.710.890.640.670.60.870.34
0.770.740.150.750.83-0.630.710.670.690.420.750.640.65-0.6-0.610.761.00.56-0.630.70.60.570.420.30.58
0.980.960.650.870.94-0.740.890.990.420.920.850.870.65-0.71-0.730.880.650.77-0.740.920.780.790.790.790.24
-0.74-0.85-0.74-0.9-0.780.94-0.61-0.81-0.58-0.8-0.52-0.65-0.6-0.711.0-0.86-0.6-0.670.93-0.56-0.97-0.93-0.25-0.53-0.53
-0.76-0.86-0.74-0.91-0.790.95-0.66-0.82-0.58-0.81-0.56-0.7-0.61-0.731.0-0.86-0.61-0.680.94-0.6-0.96-0.93-0.28-0.58-0.51
0.910.970.570.870.92-0.90.780.920.670.870.720.730.760.88-0.86-0.860.760.72-0.90.780.90.920.60.590.34
0.770.740.150.750.83-0.630.710.670.690.420.750.641.00.65-0.6-0.610.760.56-0.630.70.60.570.420.30.58
0.80.770.350.770.81-0.620.70.790.110.710.720.740.560.77-0.67-0.680.720.56-0.610.60.680.70.510.540.45
-0.77-0.87-0.74-0.88-0.831.0-0.68-0.82-0.57-0.81-0.57-0.71-0.63-0.740.930.94-0.9-0.63-0.61-0.62-0.94-0.97-0.26-0.58-0.49
0.920.870.50.780.86-0.620.960.890.520.770.940.890.70.92-0.56-0.60.780.70.6-0.620.580.60.830.850.1
0.790.890.770.910.83-0.950.60.860.560.860.510.640.60.78-0.97-0.960.90.60.68-0.940.580.970.320.510.53
0.80.90.750.880.83-0.970.640.860.510.880.530.670.570.79-0.93-0.930.920.570.7-0.970.60.970.340.560.45
0.750.670.250.440.63-0.260.730.720.340.660.740.60.420.79-0.25-0.280.60.420.51-0.260.830.320.340.65-0.27
0.720.710.670.660.65-0.590.870.770.220.790.790.870.30.79-0.53-0.580.590.30.54-0.580.850.510.560.65-0.08
0.360.350.230.590.5-0.490.20.310.120.130.240.340.580.24-0.53-0.510.340.580.45-0.490.10.530.45-0.27-0.08
Click cells to compare fundamentals

EuroDry Account Relationship Matchups

EuroDry fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets117.7M107.5M161.3M199.5M231.1M155.2M
Short Long Term Debt Total56.5M51.1M78.7M81.2M103.9M69.1M
Other Current Liab2.9M4.1M1.4M1.0M4.2M2.2M
Total Current Liabilities11.2M19.3M17.7M27.2M25.5M17.3M
Total Stockholder Equity56.5M50.5M78.9M113.9M109.7M73.7M
Net Tangible Assets41.8M34.6M78.9M113.9M131.0M137.6M
Property Plant And Equipment Net105.5M99.3M128.5M149.0M203.5M129.6M
Current Deferred Revenue445.8K246.1K1.5M351.6K346.8K477.3K
Net Debt51.1M50.2M51.8M47.2M93.1M57.5M
Retained Earnings(11.0M)(18.5M)10.9M44.5M41.6M43.6M
Accounts Payable1.0M1.1M855.8K3.0M3.1M3.3M
Cash5.4M938.3K26.8M34.0M10.8M11.6M
Non Current Assets Total108.1M101.5M130.9M151.6M206.8M135.6M
Non Currrent Assets Other2.7M2.2M2.4M2.6M2.3M4.5M
Other Assets2.7M2.2M2.4M1.9M1.7M1.6M
Long Term Debt49.7M37.3M64.7M58.4M67.1M51.1M
Cash And Short Term Investments5.4M938.3K26.8M34.0M10.8M11.6M
Net Receivables2.3M2.0M2.0M9.9M8.9M5.5M
Common Stock Total Equity42.5M22.8K23.0K23.5K21.1K20.1K
Common Stock Shares Outstanding2.2M2.3M2.3M2.5M2.8M2.6M
Liabilities And Stockholders Equity117.7M107.5M161.3M199.5M231.1M155.2M
Non Current Liabilities Total50.0M37.7M64.7M58.4M86.1M62.9M
Inventory508.7K1.4M770.3K1.1M4.1M4.3M
Other Current Assets1.4M1.7M774.3K2.9M440.0K418.0K
Other Stockholder Equity52.8M53.0M68.0M69.4M68.1M58.8M
Total Liab61.2M57.0M82.4M85.6M111.6M80.2M
Property Plant And Equipment Gross105.5M99.3M128.5M149.0M171.4M116.2M
Short Long Term Debt6.8M13.8M13.9M22.9M26.3M27.6M
Total Current Assets9.6M6.1M30.4M47.9M24.2M19.7M
Accumulated Other Comprehensive Income(21.1M)(26.5M)(32.9M)(39.5M)(35.5M)(37.3M)
Short Term Debt6.8M13.8M13.9M22.9M17.8M13.1M
Common Stock23.0K23.5K29.2K29.0K28.3K26.9K
Property Plant Equipment105.5M99.3M128.5M149.0M171.4M116.2M
Net Invested Capital98.3M85.7M157.6M195.2M224.4M131.1M
Net Working Capital(1.6M)(13.2M)12.7M20.7M23.8M25.0M
Capital Stock14.7M16.0M29.2K29.0K26.1K24.8K
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 together with EuroDry Stock

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Moving against EuroDry Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether EuroDry offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EuroDry'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 Eurodry Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eurodry Stock:
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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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.