Avid Net Debt vs Capital Stock Analysis

CDMO Stock

USD 12.32 0.04 0.33%

Avid Bioservices financial indicator trend analysis is way more than just evaluating Avid Bioservices prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avid Bioservices is a good investment. Please check the relationship between Avid Bioservices Net Debt and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.

Net Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avid Bioservices Net Debt account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Avid Bioservices' Net Debt and Capital Stock is 0.9. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Avid Bioservices, assuming nothing else is changed. The correlation between historical values of Avid Bioservices' Net Debt and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Avid Bioservices are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Debt i.e., Avid Bioservices' Net Debt and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from Avid Bioservices' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Avid Bioservices 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.At this time, Avid Bioservices' Selling General Administrative is very stable compared to the past year. As of the 2nd of December 2024, Discontinued Operations is likely to grow to about 1 M, while Sales General And Administrative To Revenue is likely to drop 0.17.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	21.2M	27.9M	26.0M	28.1M
Cost Of Revenue	82.9M	117.8M	132.6M	139.2M

Total Operating Expenses Cost Of Revenue

Avid Bioservices fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Cash	Cash And Short Term Investments	Inventory	Non Currrent Assets Other	Short Term Debt	Other Assets	Long Term Debt
Total Assets		0.95	0.93	0.87	0.8	0.89	0.77	-0.35	0.84	0.95	0.93	0.82	0.95	0.49	0.42	0.97	0.86	0.76	0.74	0.41	0.41	0.82	0.78	0.49	0.89	0.85
Short Long Term Debt Total	0.95		0.93	0.78	0.59	0.95	0.89	-0.27	0.86	0.94	0.96	0.75	1.0	0.6	0.24	0.99	0.94	0.65	0.8	0.28	0.28	0.74	0.73	0.35	0.94	0.9
Other Current Liab	0.93	0.93		0.79	0.67	0.87	0.78	-0.32	0.77	0.89	0.91	0.8	0.93	0.57	0.35	0.93	0.84	0.69	0.75	0.35	0.35	0.73	0.59	0.44	0.83	0.83
Total Current Liabilities	0.87	0.78	0.79		0.64	0.74	0.55	-0.62	0.77	0.75	0.83	0.82	0.78	0.49	0.62	0.86	0.72	0.82	0.59	0.49	0.49	0.85	0.79	0.32	0.69	0.69
Total Stockholder Equity	0.8	0.59	0.67	0.64		0.52	0.37	-0.23	0.53	0.73	0.6	0.63	0.59	0.07	0.55	0.62	0.45	0.67	0.43	0.47	0.47	0.65	0.57	0.66	0.56	0.54
Property Plant And Equipment Net	0.89	0.95	0.87	0.74	0.52		0.95	-0.31	0.93	0.95	0.9	0.74	0.95	0.69	0.24	0.94	1.0	0.46	0.76	0.03	0.03	0.81	0.74	0.44	0.96	0.87
Net Debt	0.77	0.89	0.78	0.55	0.37	0.95		-0.1	0.85	0.9	0.8	0.58	0.89	0.65	0.01	0.85	0.96	0.23	0.71	-0.2	-0.2	0.71	0.65	0.4	0.94	0.81
Retained Earnings	-0.35	-0.27	-0.32	-0.62	-0.23	-0.31	-0.1		-0.36	-0.22	-0.43	-0.72	-0.26	-0.44	-0.88	-0.35	-0.32	-0.49	-0.38	-0.32	-0.32	-0.43	-0.27	0.02	-0.19	-0.4
Accounts Payable	0.84	0.86	0.77	0.77	0.53	0.93	0.85	-0.36		0.88	0.83	0.66	0.86	0.57	0.31	0.88	0.92	0.47	0.65	0.07	0.07	0.8	0.73	0.56	0.85	0.77
Non Current Assets Total	0.95	0.94	0.89	0.75	0.73	0.95	0.9	-0.22	0.88		0.88	0.74	0.94	0.53	0.28	0.93	0.92	0.53	0.72	0.12	0.12	0.84	0.76	0.58	0.95	0.85
Net Receivables	0.93	0.96	0.91	0.83	0.6	0.9	0.8	-0.43	0.83	0.88		0.87	0.96	0.52	0.39	0.96	0.89	0.72	0.9	0.36	0.36	0.73	0.67	0.33	0.85	0.95
Common Stock Shares Outstanding	0.82	0.75	0.8	0.82	0.63	0.74	0.58	-0.72	0.66	0.74	0.87		0.75	0.51	0.7	0.8	0.71	0.71	0.84	0.39	0.39	0.69	0.53	0.25	0.66	0.87
Non Current Liabilities Total	0.95	1.0	0.93	0.78	0.59	0.95	0.89	-0.26	0.86	0.94	0.96	0.75		0.6	0.23	0.99	0.94	0.65	0.79	0.28	0.28	0.74	0.73	0.35	0.94	0.89
Other Current Assets	0.49	0.6	0.57	0.49	0.07	0.69	0.65	-0.44	0.57	0.53	0.52	0.51	0.6		0.21	0.6	0.73	0.23	0.34	-0.1	-0.1	0.55	0.47	-0.04	0.66	0.46
Other Stockholder Equity	0.42	0.24	0.35	0.62	0.55	0.24	0.01	-0.88	0.31	0.28	0.39	0.7	0.23	0.21		0.33	0.21	0.59	0.31	0.46	0.46	0.46	0.28	0.21	0.15	0.35
Total Liab	0.97	0.99	0.93	0.86	0.62	0.94	0.85	-0.35	0.88	0.93	0.96	0.8	0.99	0.6	0.33		0.93	0.71	0.78	0.34	0.34	0.79	0.77	0.36	0.92	0.88
Property Plant And Equipment Gross	0.86	0.94	0.84	0.72	0.45	1.0	0.96	-0.32	0.92	0.92	0.89	0.71	0.94	0.73	0.21	0.93		0.44	0.75	0.0	0.0	0.79	0.74	0.38	0.96	0.86
Total Current Assets	0.76	0.65	0.69	0.82	0.67	0.46	0.23	-0.49	0.47	0.53	0.72	0.71	0.65	0.23	0.59	0.71	0.44		0.52	0.89	0.89	0.5	0.55	0.13	0.45	0.56
Intangible Assets	0.74	0.8	0.75	0.59	0.43	0.76	0.71	-0.38	0.65	0.72	0.9	0.84	0.79	0.34	0.31	0.78	0.75	0.52		0.23	0.23	0.48	0.38	0.21	0.69	0.97
Cash	0.41	0.28	0.35	0.49	0.47	0.03	-0.2	-0.32	0.07	0.12	0.36	0.39	0.28	-0.1	0.46	0.34	0.0	0.89	0.23		1.0	0.07	0.2	-0.1	0.04	0.22
Cash And Short Term Investments	0.41	0.28	0.35	0.49	0.47	0.03	-0.2	-0.32	0.07	0.12	0.36	0.39	0.28	-0.1	0.46	0.34	0.0	0.89	0.23	1.0		0.07	0.2	-0.1	0.04	0.22
Inventory	0.82	0.74	0.73	0.85	0.65	0.81	0.71	-0.43	0.8	0.84	0.73	0.69	0.74	0.55	0.46	0.79	0.79	0.5	0.48	0.07	0.07		0.88	0.58	0.77	0.62
Non Currrent Assets Other	0.78	0.73	0.59	0.79	0.57	0.74	0.65	-0.27	0.73	0.76	0.67	0.53	0.73	0.47	0.28	0.77	0.74	0.55	0.38	0.2	0.2	0.88		0.34	0.78	0.54
Short Term Debt	0.49	0.35	0.44	0.32	0.66	0.44	0.4	0.02	0.56	0.58	0.33	0.25	0.35	-0.04	0.21	0.36	0.38	0.13	0.21	-0.1	-0.1	0.58	0.34		0.36	0.29
Other Assets	0.89	0.94	0.83	0.69	0.56	0.96	0.94	-0.19	0.85	0.95	0.85	0.66	0.94	0.66	0.15	0.92	0.96	0.45	0.69	0.04	0.04	0.77	0.78	0.36		0.83
Long Term Debt	0.85	0.9	0.83	0.69	0.54	0.87	0.81	-0.4	0.77	0.85	0.95	0.87	0.89	0.46	0.35	0.88	0.86	0.56	0.97	0.22	0.22	0.62	0.54	0.29	0.83

Click cells to compare fundamentals

Avid Bioservices Account Relationship Matchups

Avid Bioservices fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	107.6M	265.5M	429.8M	451.1M	336.6M	353.4M
Short Long Term Debt Total	26.9M	118.2M	182.5M	189.2M	207.8M	218.2M
Other Current Liab	3.8M	8.2M	9.5M	11.2M	8.7M	9.1M
Total Current Liabilities	44.5M	70.9M	75.8M	73.7M	70.6M	74.1M
Total Stockholder Equity	41.9M	77.7M	174.5M	189.5M	60.9M	38.7M
Property Plant And Equipment Net	47.2M	56.1M	129.8M	220.1M	227.7M	239.1M
Net Debt	(9.4M)	(51.7M)	56.4M	150.7M	169.7M	178.2M
Retained Earnings	(571.1M)	(559.9M)	(431.4M)	(430.8M)	(571.9M)	(543.3M)
Accounts Payable	5.9M	9.3M	9.5M	24.6M	20.7M	21.7M
Non Current Assets Total	47.9M	57.7M	249.8M	338.6M	232.6M	244.2M
Net Receivables	11.9M	25.0M	25.9M	27.9M	29.0M	30.5M
Common Stock Shares Outstanding	56.3M	59.4M	70.5M	63.8M	63.2M	66.4M
Liabilities And Stockholders Equity	107.6M	265.5M	429.8M	451.1M	336.6M	353.4M
Non Current Liabilities Total	21.2M	116.8M	179.6M	187.9M	205.1M	215.4M
Other Current Assets	712K	1.1M	1.9M	2.1M	6.5M	6.8M
Other Stockholder Equity	612.9M	637.5M	605.8M	620.2M	632.7M	364.2M
Total Liab	65.7M	187.8M	255.3M	261.6M	275.7M	289.5M
Property Plant And Equipment Gross	47.2M	56.1M	129.8M	220.1M	264.3M	277.5M
Total Current Assets	59.8M	207.8M	180.0M	112.5M	104.0M	109.2M
Cash	36.3M	169.9M	126.2M	38.5M	38.1M	36.3M
Cash And Short Term Investments	36.3M	169.9M	126.2M	38.5M	38.1M	36.3M
Inventory	10.9M	11.9M	26.1M	43.9M	30.4M	31.9M
Short Term Debt	5.6M	2.7M	3.5M	142.0M	2.8M	2.7M
Other Assets	652K	1.6M	120.1M	118.5M	136.2M	143.0M
Property Plant Equipment	27.1M	37.5M	93.0M	177.4M	204.0M	214.2M
Current Deferred Revenue	29.1M	50.8M	53.8M	37.4M	39.9M	41.9M
Retained Earnings Total Equity	(571.1M)	(559.9M)	(431.4M)	(430.8M)	(387.7M)	(407.1M)
Deferred Long Term Liab	2.2M	2.1M	900K	3.5M	4.0M	4.2M
Net Tangible Assets	41.9M	77.7M	174.5M	189.5M	217.9M	228.8M
Capital Surpluse	612.9M	637.5M	605.8M	620.2M	713.3M	623.0M

Pair Trading with Avid Bioservices

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

Moving against Avid Stock

0.7	VALN	Valneva SE ADR	Pair Corr
0.69	DRRX	Durect	Pair Corr
0.62	EQ	Equillium	Pair Corr
0.54	DNTH	Dianthus Therapeutics	Pair Corr
0.43	ME	23Andme Holding	Pair Corr

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

The correlation of Avid Bioservices 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 Avid Bioservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Bioservices 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 Avid Bioservices 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 Avid Bioservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avid Bioservices' 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 Avid Bioservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avid Bioservices Stock:

How To Invest In Avid

Details

Is Avid Stock a good investment?

Details

What is Avid Bioservices' Net Worth?

Details

Largest Biotechnology Companies

View

Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avid Bioservices. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.

You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Is Biotechnology space 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 Avid Bioservices. If investors know Avid 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 Avid Bioservices 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

(0.80)

Earnings Share

(2.29)

Revenue Per Share

2.245

Quarterly Revenue Growth

0.065

Return On Assets

(0.03)

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Avid Net Debt vs Capital Stock Analysis

Net Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Debt

Capital Stock

Avid Bioservices fundamental ratios Correlations

Avid Bioservices Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avid Bioservices fundamental ratios Accounts

Pair Trading with Avid Bioservices

Moving against Avid Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Liabilities Total
Total Liab	+ 0.97	Total Assets

Other Stockholder Equity	- 0.88	Retained Earnings
Common Stock Shares Outstanding	- 0.72	Retained Earnings
Retained Earnings	- 0.62	Total Current Liabilities
Total Current Assets	- 0.49	Retained Earnings
Other Current Assets	- 0.44	Retained Earnings
Inventory	- 0.43	Retained Earnings