Euroseas Short Term Debt vs Short Term Investments Analysis

ESEA Stock

USD 35.22 1.13 3.31%

Euroseas financial indicator trend analysis is much more than just examining Euroseas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Euroseas is a good investment. Please check the relationship between Euroseas Short Term Debt and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Euroseas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Euroseas Stock refer to our How to Trade Euroseas Stock guide.

Short Term Debt vs Short Term Investments

Short Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Euroseas Short Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have no relationship.

The correlation between Euroseas' Short Term Debt and Short Term Investments is 0.03. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Euroseas, assuming nothing else is changed. The correlation between historical values of Euroseas' Short Term Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Euroseas are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Short Term Debt i.e., Euroseas' Short Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Short Term Investments

Short Term Investments is an item under the current assets section of Euroseas balance sheet. It contains any investments Euroseas undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Euroseas can easily liquidate in the marketplace.

Most indicators from Euroseas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Euroseas 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 Euroseas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Euroseas Stock refer to our How to Trade Euroseas Stock guide.At present, Euroseas' Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 2.24, whereas Selling General Administrative is forecasted to decline to about 7.5 M.

	2023	2024 (projected)
Interest Income	1.2M	1.2M
Non Recurring	5.3M	4.3M

Interest Income Non Recurring

Euroseas fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Short Term Investments
Total Assets		0.93	0.97	1.0	0.52	0.08	0.46	0.13	0.41	0.75	0.87	0.85	0.09	0.75	0.2	0.73	0.66	0.38	0.53	0.62	0.73	0.47	0.45	0.73	0.64	0.07
Total Stockholder Equity	0.93		0.86	0.93	0.49	0.3	0.18	0.07	0.46	0.46	0.78	0.81	0.31	0.47	0.15	0.5	0.53	0.06	0.61	0.4	0.72	0.38	0.2	0.72	0.65	0.14
Property Plant And Equipment Net	0.97	0.86		0.97	0.39	0.01	0.49	0.25	0.42	0.8	0.88	0.79	0.02	0.78	0.21	0.77	0.61	0.49	0.46	0.62	0.64	0.46	0.56	0.64	0.67	0.03
Non Current Assets Total	1.0	0.93	0.97		0.5	0.07	0.45	0.15	0.42	0.76	0.87	0.82	0.08	0.76	0.18	0.73	0.64	0.41	0.51	0.64	0.7	0.47	0.47	0.7	0.63	0.07
Non Currrent Assets Other	0.52	0.49	0.39	0.5		-0.23	0.56	-0.26	-0.02	0.37	0.73	0.78	-0.22	0.42	0.05	0.31	0.88	0.12	0.57	0.45	0.84	0.61	0.18	0.84	0.15	0.06
Common Stock Total Equity	0.08	0.3	0.01	0.07	-0.23		-0.55	-0.31	0.34	-0.34	-0.14	0.04	1.0	-0.31	0.01	-0.22	-0.35	-0.47	0.1	-0.4	0.05	-0.4	-0.25	0.05	0.32	-0.26
Common Stock Shares Outstanding	0.46	0.18	0.49	0.45	0.56	-0.55		0.05	-0.06	0.8	0.64	0.57	-0.54	0.78	0.12	0.75	0.77	0.69	0.17	0.63	0.51	0.45	0.56	0.51	0.22	-0.05
Other Current Assets	0.13	0.07	0.25	0.15	-0.26	-0.31	0.05		0.05	0.19	0.09	-0.03	-0.31	0.04	0.14	0.4	0.03	0.16	-0.11	0.35	-0.23	0.48	-0.12	-0.23	0.09	0.55
Other Stockholder Equity	0.41	0.46	0.42	0.42	-0.02	0.34	-0.06	0.05		0.16	0.29	0.27	0.34	0.29	-0.53	0.05	-0.13	0.31	-0.33	0.29	0.02	0.16	0.42	0.02	0.55	0.27
Total Liab	0.75	0.46	0.8	0.76	0.37	-0.34	0.8	0.19	0.16		0.71	0.59	-0.33	0.97	0.22	0.88	0.65	0.82	0.18	0.79	0.48	0.44	0.75	0.48	0.38	-0.09
Property Plant And Equipment Gross	0.87	0.78	0.88	0.87	0.73	-0.14	0.64	0.09	0.29	0.71		0.94	-0.12	0.72	0.17	0.68	0.86	0.41	0.61	0.58	0.85	0.62	0.5	0.85	0.56	0.05
Total Current Assets	0.85	0.81	0.79	0.82	0.78	0.04	0.57	-0.03	0.27	0.59	0.94		0.06	0.6	0.22	0.62	0.85	0.2	0.67	0.45	0.95	0.54	0.34	0.95	0.59	0.06
Common Stock	0.09	0.31	0.02	0.08	-0.22	1.0	-0.54	-0.31	0.34	-0.33	-0.12	0.06		-0.3	0.02	-0.21	-0.33	-0.46	0.11	-0.39	0.07	-0.39	-0.25	0.07	0.32	-0.26
Short Long Term Debt Total	0.75	0.47	0.78	0.76	0.42	-0.31	0.78	0.04	0.29	0.97	0.72	0.6	-0.3		0.04	0.77	0.61	0.87	0.11	0.78	0.48	0.43	0.85	0.48	0.37	-0.08
Other Current Liab	0.2	0.15	0.21	0.18	0.05	0.01	0.12	0.14	-0.53	0.22	0.17	0.22	0.02	0.04		0.44	0.33	-0.18	0.57	-0.01	0.3	-0.06	-0.22	0.3	0.17	-0.3
Total Current Liabilities	0.73	0.5	0.77	0.73	0.31	-0.22	0.75	0.4	0.05	0.88	0.68	0.62	-0.21	0.77	0.44		0.67	0.58	0.31	0.72	0.48	0.43	0.39	0.48	0.51	0.0
Current Deferred Revenue	0.66	0.53	0.61	0.64	0.88	-0.35	0.77	0.03	-0.13	0.65	0.86	0.85	-0.33	0.61	0.33	0.67		0.31	0.65	0.57	0.86	0.65	0.28	0.86	0.25	-0.01
Net Debt	0.38	0.06	0.49	0.41	0.12	-0.47	0.69	0.16	0.31	0.82	0.41	0.2	-0.46	0.87	-0.18	0.58	0.31		-0.32	0.74	0.04	0.34	0.87	0.04	0.16	-0.03
Retained Earnings	0.53	0.61	0.46	0.51	0.57	0.1	0.17	-0.11	-0.33	0.18	0.61	0.67	0.11	0.11	0.57	0.31	0.65	-0.32		-0.04	0.8	0.2	-0.15	0.8	0.28	-0.14
Accounts Payable	0.62	0.4	0.62	0.64	0.45	-0.4	0.63	0.35	0.29	0.79	0.58	0.45	-0.39	0.78	-0.01	0.72	0.57	0.74	-0.04		0.28	0.69	0.51	0.28	0.31	0.16
Cash	0.73	0.72	0.64	0.7	0.84	0.05	0.51	-0.23	0.02	0.48	0.85	0.95	0.07	0.48	0.3	0.48	0.86	0.04	0.8	0.28		0.42	0.23	1.0	0.41	-0.08
Other Assets	0.47	0.38	0.46	0.47	0.61	-0.4	0.45	0.48	0.16	0.44	0.62	0.54	-0.39	0.43	-0.06	0.43	0.65	0.34	0.2	0.69	0.42		0.23	0.42	0.16	0.39
Long Term Debt	0.45	0.2	0.56	0.47	0.18	-0.25	0.56	-0.12	0.42	0.75	0.5	0.34	-0.25	0.85	-0.22	0.39	0.28	0.87	-0.15	0.51	0.23	0.23		0.23	0.25	-0.18
Cash And Short Term Investments	0.73	0.72	0.64	0.7	0.84	0.05	0.51	-0.23	0.02	0.48	0.85	0.95	0.07	0.48	0.3	0.48	0.86	0.04	0.8	0.28	1.0	0.42	0.23		0.41	-0.08
Net Receivables	0.64	0.65	0.67	0.63	0.15	0.32	0.22	0.09	0.55	0.38	0.56	0.59	0.32	0.37	0.17	0.51	0.25	0.16	0.28	0.31	0.41	0.16	0.25	0.41		-0.01
Short Term Investments	0.07	0.14	0.03	0.07	0.06	-0.26	-0.05	0.55	0.27	-0.09	0.05	0.06	-0.26	-0.08	-0.3	0.0	-0.01	-0.03	-0.14	0.16	-0.08	0.39	-0.18	-0.08	-0.01

Click cells to compare fundamentals

Euroseas Account Relationship Matchups

Euroseas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	126.9M	110.6M	221.5M	328.6M	424.7M	219.4M
Total Stockholder Equity	28.1M	35.4M	76.8M	168.2M	266.6M	134.2M
Property Plant And Equipment Net	116.2M	98.5M	183.9M	275.7M	267.6M	165.2M
Non Current Assets Total	120.6M	100.9M	188.7M	281.7M	358.7M	182.7M
Non Currrent Assets Other	4.3M	2.4M	4.8M	6.1M	85.4M	89.6M
Common Stock Total Equity	338.2K	375.5K	168.0K	201.3K	181.1K	172.1K
Common Stock Shares Outstanding	2.9M	5.8M	7.0M	7.2M	6.9M	7.3M
Liabilities And Stockholders Equity	126.9M	110.6M	221.5M	328.6M	424.7M	219.4M
Other Current Assets	1.1M	589.3K	1.1M	12.6M	502.8K	477.7K
Other Stockholder Equity	254.0M	257.5M	264.6M	260.5M	258.4M	250.7M
Total Liab	98.8M	75.2M	144.7M	160.4M	158.1M	85.2M
Property Plant And Equipment Gross	116.2M	98.5M	183.9M	275.7M	317.0M	332.9M
Total Current Assets	6.3M	9.7M	32.8M	46.9M	66.0M	69.3M
Common Stock	168.0K	201.3K	218.8K	213.5K	210.4K	199.9K
Short Long Term Debt Total	89.5M	69.4M	118.0M	107.2M	130.0M	76.3M
Other Current Liab	2.7M	1.7M	2.0M	5.4M	3.3M	2.6M
Total Current Liabilities	24.9M	28.6M	37.1M	73.7M	51.2M	29.4M
Current Deferred Revenue	973.8K	949.4K	3.3M	7.7M	11.3M	11.8M
Net Debt	88.5M	65.8M	91.5M	81.4M	71.4M	47.0M
Retained Earnings	(233.7M)	(230.3M)	(188.1M)	(92.6M)	7.9M	8.3M
Accounts Payable	3.9M	2.9M	2.8M	5.2M	5.7M	3.1M
Cash	985.4K	3.6M	26.5M	25.8M	58.6M	61.5M
Other Assets	4.3M	2.4M	12.4M	65.2M	74.9M	78.7M
Long Term Debt	72.2M	46.2M	89.0M	51.8M	59.6M	53.7M
Cash And Short Term Investments	985.4K	3.6M	26.5M	25.8M	58.6M	61.5M
Net Receivables	2.3M	3.9M	3.0M	6.1M	4.3M	3.9M
Non Current Liabilities Total	73.9M	46.6M	107.6M	86.7M	106.9M	61.4M
Inventory	1.9M	1.7M	2.2M	2.3M	2.5M	1.8M
Short Term Debt	17.3M	23.1M	29.0M	55.4M	30.8M	20.1M
Property Plant Equipment	116.2M	98.5M	176.3M	216.6M	194.9M	115.6M
Other Liab	1.7M	362.2K	17.6M	34.9M	40.2M	42.2M
Net Tangible Assets	20.5M	27.3M	76.8M	168.2M	151.3M	158.9M
Short Long Term Debt	17.3M	23.1M	29.0M	55.4M	63.7M	66.9M

Pair Trading with Euroseas

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 Euroseas 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 Euroseas will appreciate offsetting losses from the drop in the long position's value.

Moving against Euroseas Stock

0.53	SB-PD	Safe Bulkers	Pair Corr
0.51	ECO	Okeanis Eco Tankers	Pair Corr
0.51	KEX	Kirby	Pair Corr
0.5	NMM	Navios Maritime Partners Financial Report 28th of May 2024	Pair Corr
0.48	EGLE	Eagle Bulk Shipping	Pair Corr

The ability to find closely correlated positions to Euroseas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Euroseas 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 Euroseas - 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 Euroseas to buy it.

The correlation of Euroseas 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 Euroseas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Euroseas 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 Euroseas 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 Correlation Correlation Matching

When determining whether Euroseas offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Euroseas' 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 Euroseas Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Euroseas Stock:

How To Invest In Euroseas

Details

Is Euroseas Stock a good investment?

Details

What is Euroseas' Net Worth?

Details

Largest Marine Transportation Companies

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Largest Marine Shipping Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Euroseas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

For information on how to trade Euroseas Stock refer to our How to Trade Euroseas Stock guide.

Note that the Euroseas information on this page should be used as a complementary analysis to other Euroseas' 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 the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Euroseas Stock analysis

When running Euroseas' price analysis, check to measure Euroseas' 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 Euroseas is operating at the current time. Most of Euroseas' value examination focuses on studying past and present price action to predict the probability of Euroseas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Euroseas' price. Additionally, you may evaluate how the addition of Euroseas to your portfolios can decrease your overall portfolio volatility.

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Is Euroseas' 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 Euroseas. If investors know Euroseas 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 Euroseas 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

0.24

Dividend Share

2.1

Earnings Share

16.52

Revenue Per Share

27.319

Quarterly Revenue Growth

0.144

The market value of Euroseas is measured differently than its book value, which is the value of Euroseas that is recorded on the company's balance sheet. Investors also form their own opinion of Euroseas' value that differs from its market value or its book value, called intrinsic value, which is Euroseas' 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 Euroseas' market value can be influenced by many factors that don't directly affect Euroseas' 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 Euroseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Euroseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Euroseas' 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.

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Euroseas Short Term Debt vs Short Term Investments Analysis

Short Term Debt vs Short Term Investments

Short Term Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Short Term Debt

Short Term Investments

Euroseas fundamental ratios Correlations

Euroseas Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Euroseas fundamental ratios Accounts

Pair Trading with Euroseas

Moving against Euroseas Stock

Complementary Tools for Euroseas Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Common Stock	+ 1.0	Common Stock Total Equity
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.97	Total Liab

Common Stock Shares Outstanding	- 0.55	Common Stock Total Equity
Common Stock	- 0.54	Common Stock Shares Outstanding
Other Current Liab	- 0.53	Other Stockholder Equity
Net Debt	- 0.47	Common Stock Total Equity
Net Debt	- 0.46	Common Stock
Other Assets	- 0.4	Common Stock Total Equity