Eurodry Historical Balance Sheet

EDRY -  USA Stock  

USD 32.69  0.15  0.46%

Trend analysis of Eurodry balance sheet accounts such as Assets Non Current of 129.4 M or Cash and Equivalents of 31.9 M provides information on Eurodry's total assets, liabilities, and equity, which is the actual value of Eurodry to its prevalent stockholders. By breaking down trends over time using Eurodry balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Eurodry prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Eurodry is a good buy for the upcoming year.
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About Eurodry Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Eurodry at a specified time, usually calculated after every quarter, six months, or one year. Eurodry Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eurodry and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Eurodry currently owns. An asset can also be divided into two categories, current and non-current.

Eurodry Balance Sheet Chart

Eurodry Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Eurodry uses and utilizes its capital. It also shows what exactly a company owns and owes.
Eurodry Current Assets are fairly stable at the moment as compared to the past year. Eurodry reported Current Assets of 30.41 Million in 2021. Cash and Equivalents is likely to rise to about 31.9 M in 2022, whereas Total Assets are likely to drop slightly above 152.3 M in 2022.

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.

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.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Eurodry balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Eurodry books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Eurodry balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Eurodry current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Current Assets are fairly stable at the moment as compared to the past year. Eurodry reported Current Assets of 30.41 Million in 2021. Cash and Equivalents is likely to rise to about 31.9 M in 2022, whereas Total Assets are likely to drop slightly above 152.3 M in 2022.
 2019 2020 2021 2022 (projected)
Current Assets9.58 M6.06 M30.41 M32.81 M
Total Assets117.69 M107.51 M161.33 M152.3 M

Eurodry balance sheet Correlations

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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 balance sheet 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?
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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

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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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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.