Eurodry Total Debt vs Current Assets Analysis

EDRY
 Stock
  

USD 18.01  0.55  2.96%   

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

Total Debt vs Current Assets

Total Debt vs Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eurodry Total Debt account and Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Eurodry's Total Debt and Current Assets is 0.92. Overlapping area represents the amount of variation of Total Debt that can explain the historical movement of Current Assets in the same time period over historical financial statements of Eurodry, assuming nothing else is changed. The correlation between historical values of Eurodry's Total Debt and Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Debt of Eurodry are associated (or correlated) with its Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Assets has no effect on the direction of Total Debt i.e., Eurodry's Total Debt and Current Assets go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Current Assets

Current assets of Eurodry include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Eurodry. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.
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.Eurodry Issuance Repayment of Debt Securities is fairly stable at the moment as compared to the past year. Eurodry reported Issuance Repayment of Debt Securities of 30.54 Million in 2021. Enterprise Value over EBIT is likely to rise to 3.79 in 2022, whereas Selling General and Administrative Expense is likely to drop slightly above 2.5 M in 2022.
 2019 2020 2021 2022 (projected)
Interest Expense3.51 M2.33 M2.34 M2.59 M
Gross Profit13.68 M8.13 M51.54 M55.6 M

Eurodry fundamental ratios Correlations

0.970.990.940.990.840.980.910.960.590.950.820.4-0.80.970.35
0.970.950.990.920.770.910.970.970.490.990.740.5-0.710.90.26
0.990.950.920.990.850.980.890.930.630.920.840.32-0.820.990.36
0.940.990.920.870.740.870.990.970.460.970.710.49-0.630.850.1
0.990.920.990.870.880.980.850.90.670.890.870.28-0.861.00.42
0.840.770.850.740.880.780.750.750.890.770.99-0.04-0.890.90.3
0.980.910.980.870.980.780.830.910.540.880.770.38-0.80.970.44
0.910.970.890.990.850.750.830.960.470.960.730.46-0.620.830.04
0.960.970.930.970.90.750.910.960.460.960.720.55-0.640.870.15
0.590.490.630.460.670.890.540.470.460.440.91-0.43-0.710.710.18
0.950.990.920.970.890.770.880.960.960.440.730.57-0.730.870.29
0.820.740.840.710.870.990.770.730.720.910.73-0.11-0.890.90.26
0.40.50.320.490.28-0.040.380.460.55-0.430.57-0.11-0.050.210.17
-0.8-0.71-0.82-0.63-0.86-0.89-0.8-0.62-0.64-0.71-0.73-0.89-0.05-0.9-0.61
0.970.90.990.851.00.90.970.830.870.710.870.90.21-0.90.43
0.350.260.360.10.420.30.440.040.150.180.290.260.17-0.610.43
Click cells to compare fundamentals

Eurodry Account Relationship Matchups

Eurodry fundamental ratios Accounts

201720182019202020212022 (projected)
Total Assets97.45 M127.71 M117.69 M107.51 M161.33 M152.3 M
Current Assets7.62 M14.47 M9.58 M6.06 M30.41 M32.81 M
Assets Non Current89.83 M113.24 M108.11 M101.46 M130.92 M129.45 M
Cash and Equivalents4.9 M7.75 M9.13 M4.61 M29.53 M31.86 M
Cash and Equivalents USD4.9 M7.75 M9.13 M4.61 M29.53 M31.86 M
Total Debt38.33 M63.36 M56.5 M51.11 M78.65 M72.03 M
Debt Current7.97 M6.93 M6.81 M13.79 M13.95 M12.24 M
Debt Non Current30.36 M56.43 M49.69 M37.32 M64.7 M59.79 M
Total Debt USD38.33 M63.36 M56.5 M51.11 M78.65 M72.03 M
Deferred Revenue289.74 K196.23 K445.82 K246.12 K1.51 M1.63 M
Shareholders Equity32.86 M43.54 M41.81 M34.6 M78.92 M66.9 M
Shareholders Equity USD32.86 M43.54 M41.81 M34.6 M78.92 M66.9 M
Inventory452.19 K566.95 K508.71 K1.39 M770.34 K786.74 K
Total Liabilities64.59 M65.41 M61.16 M56.97 M82.41 M80.63 M
Current Liabilities9.64 M8.98 M11.17 M19.26 M17.71 M15.97 M
Liabilities Non Current54.95 M56.43 M49.99 M37.71 M64.7 M56.32 M
Trade and Non Trade Payables346.97 K690.65 K2.59 M4.06 M1.1 M1.13 M
Property Plant and Equipment Net81.98 M110.64 M105.46 M99.31 M128.49 M124.59 M
Trade and Non Trade Receivables4.94 M8.55 M2.3 M1.99 M2.02 M2.55 M
Accumulated Retained Earnings Deficit(9.66 M)(9.1 M)(11.02 M)(18.47 M)10.93 M11.79 M

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.
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.

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?
Bullish
Bearish
50% Bullish
50% Bearish

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

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 equities. 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
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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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 YOY
18.16
Market Capitalization
52.6 M
Quarterly Revenue Growth YOY
1.13
Return On Assets
0.21
Return On Equity
0.59
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.