Eton Historical Balance Sheet
ETON Stock | USD 11.23 0.48 4.47% |
Trend analysis of Eton Pharmaceuticals balance sheet accounts such as Total Current Liabilities of 17.1 M or Total Stockholder Equity of 12.7 M provides information on Eton Pharmaceuticals' total assets, liabilities, and equity, which is the actual value of Eton Pharmaceuticals to its prevalent stockholders. By breaking down trends over time using Eton Pharmaceuticals 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 examining Eton Pharmaceuticals 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 Eton Pharmaceuticals is a good buy for the upcoming year.
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About Eton Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Eton Pharmaceuticals at a specified time, usually calculated after every quarter, six months, or one year. Eton Pharmaceuticals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eton Pharmaceuticals 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 Eton currently owns. An asset can also be divided into two categories, current and non-current.
Eton Pharmaceuticals Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Eton Pharmaceuticals 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 Eton Pharmaceuticals 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 Eton Pharmaceuticals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Eton Pharmaceuticals 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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most accounts from Eton Pharmaceuticals' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Eton Pharmaceuticals 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eton Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Eton Stock, please use our How to Invest in Eton Pharmaceuticals guide.At this time, Eton Pharmaceuticals' Intangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Short and Long Term Debt Total is likely to grow to about 6.7 M, while Total Assets are likely to drop about 26.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 1.4M | 3.7M | 9.0M | 9.5M | Total Assets | 27.5M | 25.0M | 31.7M | 26.6M |
Eton Pharmaceuticals balance sheet Correlations
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Eton Pharmaceuticals Account Relationship Matchups
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Eton Pharmaceuticals balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.1M | 26.3M | 27.5M | 25.0M | 31.7M | 26.6M | |
Other Current Liab | 1.4M | 1.2M | 1.4M | 3.7M | 9.0M | 9.5M | |
Total Current Liabilities | 2.0M | 3.8M | 4.6M | 6.5M | 16.2M | 17.1M | |
Total Stockholder Equity | 10.6M | 15.7M | 17.6M | 13.1M | 15.5M | 12.7M | |
Net Tangible Assets | 9.8M | 15.1M | 14.0M | 8.3M | 9.6M | 12.2M | |
Property Plant And Equipment Net | 1.3M | 1.0M | 219K | 260K | 150K | 142.5K | |
Net Debt | (7.5M) | (14.2M) | (7.7M) | (9.8M) | (16.0M) | (16.8M) | |
Retained Earnings | (64.2M) | (92.2M) | (94.1M) | (103.1M) | (104.1M) | (109.3M) | |
Accounts Payable | 575K | 2.3M | 1.8M | 1.8M | 1.8M | 1.6M | |
Cash | 12.1M | 21.3M | 14.4M | 16.3M | 21.4M | 19.7M | |
Non Current Assets Total | 2.1M | 1.6M | 3.9M | 5.0M | 4.9M | 2.9M | |
Non Currrent Assets Other | 61K | 40K | 21K | 12K | 10.8K | 10.3K | |
Other Assets | 61K | 232K | 21K | 12K | 10.8K | 10.3K | |
Long Term Debt | 4.5M | 6.8M | 5.3M | 5.4M | 6.2M | 4.0M | |
Cash And Short Term Investments | 12.1M | 21.3M | 14.4M | 16.3M | 21.4M | 19.7M | |
Retained Earnings Total Equity | (45.9M) | (64.2M) | (92.2M) | (103.1M) | (92.8M) | (97.5M) | |
Common Stock Shares Outstanding | 17.8M | 21.0M | 25.2M | 25.1M | 25.6M | 21.6M | |
Liabilities And Stockholders Equity | 17.1M | 26.3M | 27.5M | 25.0M | 31.7M | 26.6M | |
Non Current Liabilities Total | 4.6M | 6.9M | 5.3M | 5.5M | 22K | 20.9K | |
Capital Surpluse | 72.2M | 74.7M | 107.8M | 116.2M | 133.6M | 82.0M | |
Inventory | 380K | 1.2M | 550K | 557K | 911K | 572K | |
Other Current Assets | 2.1M | 4.2M | 6.4M | 1.3M | 1.1M | 1.1M | |
Other Stockholder Equity | 74.7M | 107.8M | 111.7M | 116.2M | 119.5M | 97.9M | |
Total Liab | 6.5M | 10.7M | 9.8M | 12.0M | 16.3M | 9.2M | |
Net Invested Capital | 15.1M | 22.7M | 24.3M | 19.5M | 20.9M | 19.2M | |
Property Plant And Equipment Gross | 1.3M | 1.0M | 219K | 260K | 545K | 479.5K | |
Total Current Assets | 15.0M | 24.7M | 23.6M | 20.0M | 26.8M | 23.7M | |
Net Working Capital | 13.0M | 20.9M | 19.0M | 13.5M | 10.6M | 13.2M | |
Short Term Debt | 133K | 280K | 1.4M | 1.0M | 5.4M | 5.6M | |
Intangible Assets | 725K | 575K | 3.6M | 4.8M | 4.7M | 5.0M | |
Property Plant Equipment | 1.3M | 1.0M | 219K | 72K | 64.8K | 61.6K |
Pair Trading with Eton Pharmaceuticals
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 Eton Pharmaceuticals 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 Eton Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.Moving against Eton Stock
0.94 | GMAB | Genmab AS | PairCorr |
0.93 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.89 | VALN | Valneva SE ADR | PairCorr |
0.88 | LEGN | Legend Biotech Corp | PairCorr |
0.84 | ME | 23Andme Holding | PairCorr |
The ability to find closely correlated positions to Eton Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eton Pharmaceuticals 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 Eton Pharmaceuticals - 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 Eton Pharmaceuticals to buy it.
The correlation of Eton Pharmaceuticals 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 Eton Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eton Pharmaceuticals 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 Eton Pharmaceuticals 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eton Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Eton Stock, please use our How to Invest in Eton Pharmaceuticals guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Pharmaceuticals 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 Eton Pharmaceuticals. If investors know Eton 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 Eton Pharmaceuticals 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 (0.13) | Earnings Share (0.26) | Revenue Per Share 1.219 | Quarterly Revenue Growth (0.24) | Return On Assets (0.12) |
The market value of Eton Pharmaceuticals is measured differently than its book value, which is the value of Eton that is recorded on the company's balance sheet. Investors also form their own opinion of Eton Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Eton Pharmaceuticals' 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 Eton Pharmaceuticals' market value can be influenced by many factors that don't directly affect Eton Pharmaceuticals' 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 Eton Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Eton Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eton Pharmaceuticals' 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.