Avidity Historical Balance Sheet

RNA Stock  USD 43.33  0.47  1.07%   
Trend analysis of Avidity Biosciences balance sheet accounts such as Other Liabilities of 1.1 M, Accounts Payable of 4.5 M, Cash of 189.2 M or Other Assets of 0.95 provides information on Avidity Biosciences' total assets, liabilities, and equity, which is the actual value of Avidity Biosciences to its prevalent stockholders. By breaking down trends over time using Avidity Biosciences 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.
 
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Financial Statement Analysis is much more than just reviewing and examining Avidity Biosciences latest 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 Avidity Biosciences is a good buy for the upcoming year.

Avidity Biosciences Inventory

(6.97 Million)

  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Avidity Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Avidity Stock refer to our How to Trade Avidity Stock guide.

About Avidity Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Avidity Biosciences at a specified time, usually calculated after every quarter, six months, or one year. Avidity Biosciences Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Avidity Biosciences 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 Avidity currently owns. An asset can also be divided into two categories, current and non-current.

Avidity Biosciences Balance Sheet Chart

At present, Avidity Biosciences' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 84.7 M, whereas Other Current Liabilities is forecasted to decline to about 20.9 M.

Total Assets

Total assets refers to the total amount of Avidity Biosciences 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 Avidity Biosciences 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. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Avidity Biosciences balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Avidity Biosciences are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most accounts from Avidity Biosciences' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Avidity Biosciences 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. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Avidity Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Avidity Stock refer to our How to Trade Avidity Stock guide.At present, Avidity Biosciences' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 84.7 M, whereas Other Current Liabilities is forecasted to decline to about 20.9 M.
 2021 2022 2023 2024 (projected)
Other Current Liabilities28.0M60.9M36.2M20.9M
Total Assets427.6M638.8M628.6M660.0M

Avidity Biosciences balance sheet Correlations

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-0.64-0.23-0.64-0.570.53-0.34-0.340.640.23-0.63-0.470.36-0.530.16-0.67-0.510.380.72-0.52-0.55-0.560.57-0.610.58-0.01
-0.8-0.64-0.67-0.76-0.09-0.68-0.78-0.310.96-0.79-0.50.36-0.70.51-0.77-0.690.840.63-0.71-0.95-0.830.95-0.730.95-0.08
0.930.830.930.92-0.240.560.690.15-0.640.930.27-0.53-0.70.140.920.93-0.69-0.910.930.720.87-0.70.85-0.71-0.31
-0.160.130.03-0.13-0.38-0.46-0.380.010.44-0.11-0.240.160.510.14-0.140.140.42-0.070.1-0.48-0.190.530.00.53-0.25
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-0.81-0.71-0.53-0.830.04-0.59-0.98-0.290.73-0.82-0.160.380.84-0.690.42-0.78-0.760.53-0.78-0.87-0.870.88-0.60.880.32
-0.91-0.72-0.99-0.880.38-0.65-0.510.170.57-0.9-0.410.720.63-0.91-0.07-0.94-0.830.53-0.83-0.67-0.840.67-0.890.680.21
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-0.85-0.63-0.68-0.8-0.01-0.66-0.84-0.160.84-0.84-0.560.570.95-0.70.53-0.81-0.730.880.67-0.75-1.0-0.87-0.771.0-0.08
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-0.28-0.39-0.17-0.420.32-0.23-0.350.0-0.07-0.30.76-0.01-0.08-0.31-0.25-0.34-0.310.320.21-0.30.11-0.28-0.080.04-0.08
Click cells to compare fundamentals

Avidity Biosciences Account Relationship Matchups

Avidity Biosciences balance sheet Accounts

201920202021202220232024 (projected)
Total Assets96.9M333.9M427.6M638.8M628.6M660.0M
Other Current Liab1.3M10.9M28.0M60.9M36.2M20.9M
Total Current Liabilities10.2M14.6M29.7M51.9M80.7M84.7M
Total Stockholder Equity(65.4M)306.2M381.4M578.1M500.8M525.8M
Other Liab15.1M12.2M6.5M1.2M1.1M1.1M
Accounts Payable2.3M7.7M2.8M4.6M8.8M4.5M
Cash94.6M328.1M405.5M340.4M185.1M189.2M
Other Assets600K298K850K849K1.00.95
Other Current Assets1.1M3.5M5.6M8.3M7.3M7.7M
Total Liab162.3M27.7M46.2M60.7M127.8M70.7M
Common Stock1K4K5K7K8K7.6K
Property Plant Equipment631K1.9M15.6M15.0M17.3M18.1M
Short Long Term Debt Total4.9M938K10.0M10.7M9.9M8.6M
Net Tangible Assets(65.4M)306.2M381.4M578.1M664.8M698.0M
Property Plant And Equipment Net631K1.5M15.6M15.0M16.7M9.2M
Net Debt(89.6M)(327.2M)(395.6M)(329.7M)(175.2M)(184.0M)
Retained Earnings(22.2M)(66.5M)(184.5M)(358.5M)(570.8M)(542.2M)
Non Current Assets Total1.2M2.2M16.4M15.9M17.2M9.9M
Non Currrent Assets Other600K501K599K598K596K537.5K
Cash And Short Term Investments94.6M328.1M405.5M610.7M595.4M373.5M
Common Stock Shares Outstanding37.5M21.7M41.4M52.2M73.0M45.2M
Liabilities And Stockholders Equity96.9M333.9M427.6M638.8M628.6M390.4M
Non Current Liabilities Total152.0M13.1M16.5M8.8M47.1M37.1M
Capital Lease Obligations393K938K11.7M7.6M9.9M5.6M
Other Stockholder Equity(43.2M)38.9M566.2M939.3M1.1B1.1B
Net Invested Capital(60.8M)306.2M381.4M578.1M500.8M307.1M
Property Plant And Equipment Gross631K1.5M15.6M15.0M21.9M23.0M
Total Current Assets95.7M331.7M411.1M622.9M611.3M380.6M
Accumulated Other Comprehensive Income(134.7M)(5K)(187K)(2.7M)125K131.3K
Capital Stock0.04K5K7K8K7.6K
Net Working Capital85.4M317.1M381.5M571.0M530.6M345.5M
Short Term Debt2.8M7.7M3.5M6.2M7.3M5.6M

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Avidity Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avidity Biosciences' 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 Avidity Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avidity Biosciences Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Avidity Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Avidity Stock refer to our How to Trade Avidity Stock guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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 Avidity Biosciences. If investors know Avidity 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 Avidity Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.88)
Revenue Per Share
0.103
Quarterly Revenue Growth
(0.17)
Return On Assets
(0.18)
Return On Equity
(0.28)
The market value of Avidity Biosciences is measured differently than its book value, which is the value of Avidity that is recorded on the company's balance sheet. Investors also form their own opinion of Avidity Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Avidity Biosciences' 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 Avidity Biosciences' market value can be influenced by many factors that don't directly affect Avidity Biosciences' 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 Avidity Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avidity Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avidity Biosciences' 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.