Avidity Net Debt vs Gross Profit Margin Analysis

RNA Stock

USD 43.03 0.30 0.69%

Avidity Biosciences financial indicator trend analysis is way more than just evaluating Avidity Biosciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Avidity Biosciences is a good investment. Please check the relationship between Avidity Biosciences Net Debt and its Gross Profit Margin accounts. 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.

Net Debt vs Gross Profit Margin

Net Debt vs Gross Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Avidity Biosciences Net Debt account and Gross Profit Margin. At this time, the significance of the direction appears to have pay attention.

The correlation between Avidity Biosciences' Net Debt and Gross Profit Margin is -0.89. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Avidity Biosciences, assuming nothing else is changed. The correlation between historical values of Avidity Biosciences' Net Debt and Gross Profit Margin 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 Avidity Biosciences are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Net Debt i.e., Avidity Biosciences' Net Debt and Gross Profit Margin go up and down completely randomly.

Correlation Coefficient

-0.89

Relationship Direction	Negative
Relationship Strength	Significant

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.

Gross Profit Margin

Most indicators from Avidity Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.The current year's Selling General Administrative is expected to grow to about 56.9 M, whereas Issuance Of Capital Stock is forecasted to decline to about 221.3 M.

	2021	2022	2023	2024 (projected)
Research Development	101.2M	150.4M	191.0M	200.5M
Total Revenue	9.3M	9.2M	9.6M	6.4M

Research Development Total Revenue

Avidity Biosciences fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total
Total Assets		0.84	0.92	0.99	-0.19	0.72	0.8	0.07	-0.69	1.0	0.33	-0.64	-0.8	0.93	-0.16	0.99	0.89	-0.81	-0.91	0.9	0.85	0.96	-0.85	0.86	-0.86	-0.28
Other Current Liab	0.84		0.73	0.87	-0.11	0.58	0.73	0.41	-0.58	0.87	0.17	-0.23	-0.64	0.83	0.13	0.8	0.87	-0.71	-0.72	0.87	0.65	0.88	-0.63	0.77	-0.63	-0.39
Total Current Liabilities	0.92	0.73		0.88	-0.24	0.67	0.52	-0.06	-0.61	0.9	0.4	-0.64	-0.67	0.93	0.03	0.93	0.8	-0.53	-0.99	0.8	0.68	0.82	-0.68	0.87	-0.69	-0.17
Total Stockholder Equity	0.99	0.87	0.88		-0.19	0.73	0.84	0.11	-0.66	0.99	0.19	-0.57	-0.76	0.92	-0.13	0.98	0.89	-0.83	-0.88	0.89	0.79	0.96	-0.8	0.8	-0.81	-0.42
Other Liab	-0.19	-0.11	-0.24	-0.19		0.1	0.09	0.64	-0.02	-0.24	0.02	0.53	-0.09	-0.24	-0.38	-0.31	-0.31	0.04	0.38	-0.3	0.0	-0.23	-0.01	-0.25	0.0	0.32
Accounts Payable	0.72	0.58	0.67	0.73	0.1		0.59	0.01	-0.63	0.68	0.25	-0.34	-0.68	0.56	-0.46	0.73	0.55	-0.59	-0.65	0.56	0.63	0.75	-0.66	0.64	-0.66	-0.23
Cash	0.8	0.73	0.52	0.84	0.09	0.59		0.37	-0.65	0.81	0.11	-0.34	-0.78	0.69	-0.38	0.75	0.75	-0.98	-0.51	0.77	0.83	0.84	-0.84	0.57	-0.83	-0.35
Other Assets	0.07	0.41	-0.06	0.11	0.64	0.01	0.37		-0.32	0.09	-0.09	0.64	-0.31	0.15	0.01	-0.04	0.16	-0.29	0.17	0.17	0.19	0.12	-0.16	0.01	-0.14	0.0
Long Term Debt	-0.69	-0.58	-0.61	-0.66	-0.02	-0.63	-0.65	-0.32		-0.69	-0.42	0.23	0.96	-0.64	0.44	-0.69	-0.61	0.73	0.57	-0.63	-0.83	-0.73	0.84	-0.65	0.84	-0.07
Other Current Assets	1.0	0.87	0.9	0.99	-0.24	0.68	0.81	0.09	-0.69		0.32	-0.63	-0.79	0.93	-0.11	0.98	0.91	-0.82	-0.9	0.92	0.84	0.97	-0.84	0.86	-0.85	-0.3
Total Liab	0.33	0.17	0.4	0.19	0.02	0.25	0.11	-0.09	-0.42	0.32		-0.47	-0.5	0.27	-0.24	0.29	0.33	-0.16	-0.41	0.34	0.6	0.36	-0.56	0.66	-0.57	0.76
Intangible Assets	-0.64	-0.23	-0.64	-0.57	0.53	-0.34	-0.34	0.64	0.23	-0.63	-0.47		0.36	-0.53	0.16	-0.67	-0.51	0.38	0.72	-0.52	-0.55	-0.56	0.57	-0.61	0.58	-0.01
Common Stock	-0.8	-0.64	-0.67	-0.76	-0.09	-0.68	-0.78	-0.31	0.96	-0.79	-0.5	0.36		-0.7	0.51	-0.77	-0.69	0.84	0.63	-0.71	-0.95	-0.83	0.95	-0.73	0.95	-0.08
Property Plant Equipment	0.93	0.83	0.93	0.92	-0.24	0.56	0.69	0.15	-0.64	0.93	0.27	-0.53	-0.7		0.14	0.92	0.93	-0.69	-0.91	0.93	0.72	0.87	-0.7	0.85	-0.71	-0.31
Short Long Term Debt Total	-0.16	0.13	0.03	-0.13	-0.38	-0.46	-0.38	0.01	0.44	-0.11	-0.24	0.16	0.51	0.14		-0.14	0.14	0.42	-0.07	0.1	-0.48	-0.19	0.53	0.0	0.53	-0.25
Net Tangible Assets	0.99	0.8	0.93	0.98	-0.31	0.73	0.75	-0.04	-0.69	0.98	0.29	-0.67	-0.77	0.92	-0.14		0.88	-0.78	-0.94	0.89	0.8	0.95	-0.81	0.85	-0.82	-0.34
Property Plant And Equipment Net	0.89	0.87	0.8	0.89	-0.31	0.55	0.75	0.16	-0.61	0.91	0.33	-0.51	-0.69	0.93	0.14	0.88		-0.76	-0.83	1.0	0.76	0.92	-0.73	0.9	-0.73	-0.31
Net Debt	-0.81	-0.71	-0.53	-0.83	0.04	-0.59	-0.98	-0.29	0.73	-0.82	-0.16	0.38	0.84	-0.69	0.42	-0.78	-0.76		0.53	-0.78	-0.87	-0.87	0.88	-0.6	0.88	0.32
Retained Earnings	-0.91	-0.72	-0.99	-0.88	0.38	-0.65	-0.51	0.17	0.57	-0.9	-0.41	0.72	0.63	-0.91	-0.07	-0.94	-0.83	0.53		-0.83	-0.67	-0.84	0.67	-0.89	0.68	0.21
Non Current Assets Total	0.9	0.87	0.8	0.89	-0.3	0.56	0.77	0.17	-0.63	0.92	0.34	-0.52	-0.71	0.93	0.1	0.89	1.0	-0.78	-0.83		0.78	0.93	-0.75	0.9	-0.75	-0.3
Non Currrent Assets Other	0.85	0.65	0.68	0.79	0.0	0.63	0.83	0.19	-0.83	0.84	0.6	-0.55	-0.95	0.72	-0.48	0.8	0.76	-0.87	-0.67	0.78		0.88	-1.0	0.81	-0.99	0.11
Cash And Short Term Investments	0.96	0.88	0.82	0.96	-0.23	0.75	0.84	0.12	-0.73	0.97	0.36	-0.56	-0.83	0.87	-0.19	0.95	0.92	-0.87	-0.84	0.93	0.88		-0.87	0.88	-0.87	-0.28
Common Stock Total Equity	-0.85	-0.63	-0.68	-0.8	-0.01	-0.66	-0.84	-0.16	0.84	-0.84	-0.56	0.57	0.95	-0.7	0.53	-0.81	-0.73	0.88	0.67	-0.75	-1.0	-0.87		-0.77	1.0	-0.08
Common Stock Shares Outstanding	0.86	0.77	0.87	0.8	-0.25	0.64	0.57	0.01	-0.65	0.86	0.66	-0.61	-0.73	0.85	0.0	0.85	0.9	-0.6	-0.89	0.9	0.81	0.88	-0.77		-0.78	0.04
Long Term Debt Total	-0.86	-0.63	-0.69	-0.81	0.0	-0.66	-0.83	-0.14	0.84	-0.85	-0.57	0.58	0.95	-0.71	0.53	-0.82	-0.73	0.88	0.68	-0.75	-0.99	-0.87	1.0	-0.78		-0.08
Non Current Liabilities Total	-0.28	-0.39	-0.17	-0.42	0.32	-0.23	-0.35	0.0	-0.07	-0.3	0.76	-0.01	-0.08	-0.31	-0.25	-0.34	-0.31	0.32	0.21	-0.3	0.11	-0.28	-0.08	0.04	-0.08

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Avidity Biosciences Account Relationship Matchups

Avidity Biosciences fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	96.9M	333.9M	427.6M	638.8M	628.6M	660.0M
Other Current Liab	1.3M	10.9M	28.0M	60.9M	36.2M	20.9M
Total Current Liabilities	10.2M	14.6M	29.7M	51.9M	80.7M	84.7M
Total Stockholder Equity	(65.4M)	306.2M	381.4M	578.1M	500.8M	525.8M
Other Liab	15.1M	12.2M	6.5M	1.2M	1.1M	1.1M
Accounts Payable	2.3M	7.7M	2.8M	4.6M	8.8M	4.5M
Cash	94.6M	328.1M	405.5M	340.4M	185.1M	189.2M
Other Assets	600K	298K	850K	849K	1.0	0.95
Other Current Assets	1.1M	3.5M	5.6M	8.3M	7.3M	7.7M
Total Liab	162.3M	27.7M	46.2M	60.7M	127.8M	70.7M
Common Stock	1K	4K	5K	7K	8K	7.6K
Property Plant Equipment	631K	1.9M	15.6M	15.0M	17.3M	18.1M
Short Long Term Debt Total	4.9M	938K	10.0M	10.7M	9.9M	8.6M
Net Tangible Assets	(65.4M)	306.2M	381.4M	578.1M	664.8M	698.0M
Property Plant And Equipment Net	631K	1.5M	15.6M	15.0M	16.7M	9.2M
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 Total	1.2M	2.2M	16.4M	15.9M	17.2M	9.9M
Non Currrent Assets Other	600K	501K	599K	598K	596K	537.5K
Cash And Short Term Investments	94.6M	328.1M	405.5M	610.7M	595.4M	373.5M
Common Stock Shares Outstanding	37.5M	21.7M	41.4M	52.2M	73.0M	45.2M
Liabilities And Stockholders Equity	96.9M	333.9M	427.6M	638.8M	628.6M	390.4M
Non Current Liabilities Total	152.0M	13.1M	16.5M	8.8M	47.1M	37.1M
Capital Lease Obligations	393K	938K	11.7M	7.6M	9.9M	5.6M
Other Stockholder Equity	(43.2M)	38.9M	566.2M	939.3M	1.1B	1.1B
Net Invested Capital	(60.8M)	306.2M	381.4M	578.1M	500.8M	307.1M
Property Plant And Equipment Gross	631K	1.5M	15.6M	15.0M	21.9M	23.0M
Total Current Assets	95.7M	331.7M	411.1M	622.9M	611.3M	380.6M
Accumulated Other Comprehensive Income	(134.7M)	(5K)	(187K)	(2.7M)	125K	131.3K
Capital Stock	0.0	4K	5K	7K	8K	7.6K
Net Working Capital	85.4M	317.1M	381.5M	571.0M	530.6M	345.5M
Short Term Debt	2.8M	7.7M	3.5M	6.2M	7.3M	5.6M

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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:

How To Invest In Avidity

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Is Avidity Stock a good investment?

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What is Avidity Biosciences' Net Worth?

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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 Stocks Directory module to find actively traded stocks across global markets.

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.

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Avidity Net Debt vs Gross Profit Margin Analysis

Net Debt vs Gross Profit Margin

Net Debt vs Gross Profit Margin Correlation Analysis

Correlation Coefficient

Net Debt

Gross Profit Margin

Avidity Biosciences fundamental ratios Correlations

Avidity Biosciences Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avidity Biosciences fundamental ratios Accounts

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Other Current Assets	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Long Term Debt Total	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Stockholder Equity

Common Stock Total Equity	- 1.0	Non Currrent Assets Other
Long Term Debt Total	- 0.99	Non Currrent Assets Other
Retained Earnings	- 0.99	Total Current Liabilities
Net Debt	- 0.98	Cash
Non Currrent Assets Other	- 0.95	Common Stock
Retained Earnings	- 0.94	Net Tangible Assets