EuroDry Ltd.

EuroDry Ltd.verified

EDRY

Price:

$20.1

Market Cap:

$56.04M

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. As of March 31, 2022, it operated a fleet of ten drybulk carriers comprising five Panamax drybulk carriers, two Ultramax drybulk carrier, two Kamsarmax carriers, and one Supramax drybulk carrier with a cargo capacity of 726,555 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.[Read more]

Industry

Marine Shipping

IPO Date

2018-06-01

Stock Exchange

NASDAQ

Ticker

EDRY

The Current Ratio as of September 2024 (TTM) for EuroDry Ltd. (EDRY) is 0.98

According to EuroDry Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.98. This represents a change of -15.77% compared to the average of 1.16 of the last 4 quarters.

EuroDry Ltd. (EDRY) Historical Current Ratio (quarterly & annually)

How has EDRY Current Ratio performed in the past?

The mean historical Current Ratio of EuroDry Ltd. over the last ten years is 1.10. The current 0.98 Current Ratio has changed 8.74% with respect to the historical average. Over the past ten years (40 quarters), EDRY's Current Ratio was at its highest in in the June 2023 quarter at 3.03. The Current Ratio was at its lowest in in the March 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

1.10

Median

1.03

Minimum

0.31

Maximum

1.76

EuroDry Ltd. (EDRY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of EuroDry Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 446.20%

Maximum Annual Current Ratio = 1.76

Minimum Annual Increase = -63.33%

Minimum Annual Current Ratio = 0.31

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.95-46.00%
20221.762.51%
20211.72446.20%
20200.31-63.33%
20190.86-22.90%
20181.1140.71%
20170.79-40.45%

EuroDry Ltd. (EDRY) Average Current Ratio

How has EDRY Current Ratio performed in the past?

The current Current Ratio of EuroDry Ltd. (EDRY) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.48

5-year avg

1.12

10-year avg

1.10

EuroDry Ltd. (EDRY) Current Ratio vs. Peers

How is EDRY’s Current Ratio compared to its peers?

EuroDry Ltd.’s Current Ratio is less than Costamare Inc. (1.61), greater than Capital Product Partners L.P. (0.53), less than Global Ship Lease, Inc. (1.42), less than Danaos Corporation (4.18), less than Euroseas Ltd. (1.46), greater than Himalaya Shipping Ltd. (0.78), less than Kirby Corporation (1.70), less than Navios Maritime Partners L.P. (3.72), less than Pyxis Tankers Inc. (3.98), greater than United Maritime Corporation (0.47), less than d'Amico International Shipping S.A. (3.10), less than Nippon Yusen Kabushiki Kaisha (1.23), less than Pyxis Tankers Inc. (3.98), less than AMSC ASA (11.79), less than Pacific Basin Shipping Limited (1.70),

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