Eurodry Total Assets vs Total Debt Analysis

EDRY -  USA Stock  

USD 30.88  1.85  6.37%

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 Total Assets and its Total Debt accounts. Continue to Investing Opportunities.

Total Assets vs Total Debt

Accounts Relationship

Total Assets vs Total Debt

Significance: Totally Related

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

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Eurodry assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Eurodry books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; [Investments]; [Intangibles]; Property Plant and Equipment Net; [TaxAssets] and Trade and Non Trade Receivables.

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 2.2 M in 2021. Issuance Repayment of Debt Securities is likely to drop to about (5.7 M) in 2021
 2018 2019 2020 2021 (projected)
Interest Expense2.91 M3.51 M2.33 M2.59 M
Gross Profit13.46 M13.68 M8.13 M9.89 M

Eurodry fundamental ratios Correlations

0.940.990.930.990.770.970.770.980.650.630.78-0.39-0.880.990.7
0.940.90.920.930.630.940.70.940.440.840.62-0.1-0.880.90.88
0.990.90.910.990.790.950.770.960.70.550.81-0.47-0.860.990.62
0.930.920.910.930.650.930.890.950.460.740.67-0.23-0.880.920.64
0.990.930.990.930.80.960.780.960.690.630.81-0.44-0.890.990.67
0.770.630.790.650.80.60.740.620.940.40.99-0.77-0.880.850.4
0.970.940.950.930.960.60.70.990.480.650.62-0.23-0.780.930.71
0.770.70.770.890.780.740.70.750.550.60.77-0.42-0.880.830.36
0.980.940.960.950.960.620.990.750.480.640.64-0.25-0.80.940.68
0.650.440.70.460.690.940.480.550.480.110.95-0.91-0.680.740.19
0.630.840.550.740.630.40.650.60.640.110.360.25-0.770.610.89
0.780.620.810.670.810.990.620.770.640.950.36-0.81-0.860.860.34
-0.39-0.1-0.47-0.23-0.44-0.77-0.23-0.42-0.25-0.910.25-0.810.4-0.50.21
-0.88-0.88-0.86-0.88-0.89-0.88-0.78-0.88-0.8-0.68-0.77-0.860.4-0.92-0.7
0.990.90.990.920.990.850.930.830.940.740.610.86-0.5-0.920.63
0.70.880.620.640.670.40.710.360.680.190.890.340.21-0.70.63
Click cells to compare fundamentals

Eurodry Account Relationship Matchups

Eurodry Investors Sentiment

The influence of Eurodry'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 Eurodry. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EDRY

Eurodry Investor Sentiment

Macroaxis portfolio users are insensible in their opinion about investing in Eurodry. What is your opinion about investing in Eurodry? Are you bullish or bearish?
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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

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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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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 underlying business (such as 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.