Edgio Historical Balance Sheet
EGIO Stock | USD 0.03 0 7.42% |
Trend analysis of Edgio Inc balance sheet accounts such as Net Debt of 122.2 M or Cash of 53.3 M provides information on Edgio's total assets, liabilities, and equity, which is the actual value of Edgio Inc to its prevalent stockholders. By breaking down trends over time using Edgio 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 Edgio Inc 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 Edgio Inc is a good buy for the upcoming year.
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About Edgio Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Edgio Inc at a specified time, usually calculated after every quarter, six months, or one year. Edgio Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Edgio 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 Edgio currently owns. An asset can also be divided into two categories, current and non-current.
Edgio Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Edgio 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 Edgio Inc 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 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Edgio Inc balance sheet. This account contains Edgio investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Edgio Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most accounts from Edgio's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Edgio Inc 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 Edgio Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Edgio's Short and Long Term Debt Total is very stable compared to the past year. As of the 14th of November 2024, Total Current Liabilities is likely to grow to about 183.9 M, while Total Stockholder Equity is likely to drop about 166.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 139.3M | 239.3M | 275.2M | 166.8M | Total Assets | 311.5M | 542.4M | 623.7M | 654.9M |
Edgio balance sheet Correlations
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Edgio Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Edgio balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 209.4M | 314.2M | 311.5M | 542.4M | 623.7M | 654.9M | |
Total Stockholder Equity | 166.5M | 175.2M | 139.3M | 239.3M | 275.2M | 166.8M | |
Net Debt | (2.8M) | 67.9M | 91.3M | 101.2M | 116.4M | 122.2M | |
Cash | 18.3M | 46.8M | 41.9M | 55.3M | 63.6M | 53.3M | |
Cash And Short Term Investments | 18.3M | 123.7M | 79.3M | 74.0M | 85.1M | 80.6M | |
Common Stock Shares Outstanding | 115.9M | 121.2M | 127.8M | 182.4M | 209.7M | 220.2M | |
Liabilities And Stockholders Equity | 209.4M | 314.2M | 311.5M | 542.4M | 623.7M | 654.9M | |
Other Stockholder Equity | 530.3M | 556.5M | 576.8M | 807.5M | 928.6M | 975.1M | |
Total Liab | 42.8M | 139.0M | 172.2M | 303.1M | 348.5M | 365.9M | |
Total Current Assets | 62.8M | 171.1M | 134.6M | 195.1M | 224.4M | 120.8M | |
Other Current Liab | 1.4M | 13.0M | 10.3M | 23.4M | 21.0M | 13.8M | |
Total Current Liabilities | 28.6M | 25.8M | 39.6M | 152.3M | 175.1M | 183.9M | |
Property Plant And Equipment Net | 59.0M | 56.6M | 40.3M | 78.8M | 90.6M | 95.1M | |
Retained Earnings | (354.7M) | (373.9M) | (429.3M) | (573.0M) | (515.7M) | (490.0M) | |
Accounts Payable | 12.0M | 4.6M | 11.6M | 52.8M | 60.7M | 63.7M | |
Non Current Assets Total | 146.6M | 143.1M | 176.9M | 347.3M | 399.4M | 419.3M | |
Non Currrent Assets Other | 9.1M | 7.2M | 5.5M | 5.3M | 6.1M | 4.5M | |
Net Receivables | 34.6M | 31.7M | 42.3M | 101.7M | 117.0M | 122.8M | |
Non Current Liabilities Total | 14.2M | 113.2M | 132.6M | 150.8M | 173.4M | 182.1M | |
Other Current Assets | 9.9M | 15.6M | 13.0M | 36.5M | 42.0M | 44.0M | |
Accumulated Other Comprehensive Income | (9.2M) | (7.5M) | (8.3M) | (11.7M) | (10.5M) | (10.0M) | |
Short Term Debt | 2.1M | 2.5M | 1.9M | 10.9M | 12.5M | 13.2M | |
Common Stock | 118K | 124K | 134K | 16.5M | 19.0M | 20.0M | |
Current Deferred Revenue | 976K | 933K | 3.3M | 9.3M | 8.4M | 8.8M | |
Short Term Investments | 0.0 | 76.9M | 37.4M | 18.7M | 16.9M | 28.1M | |
Good Will | 77.1M | 77.8M | 114.5M | 169.2M | 194.5M | 204.3M | |
Net Invested Capital | 166.5M | 276.1M | 263.4M | 362.0M | 416.2M | 271.3M | |
Capital Stock | 118K | 124K | 134K | 16.5M | 19.0M | 20.0M | |
Non Current Liabilities Other | 316K | 479K | 777K | 1.7M | 1.9M | 2.0M | |
Net Working Capital | 34.2M | 145.3M | 97.7M | 42.9M | 49.3M | 83.2M |
Pair Trading with Edgio
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 Edgio 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 Edgio will appreciate offsetting losses from the drop in the long position's value.Moving against Edgio Stock
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The ability to find closely correlated positions to Edgio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgio 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 Edgio - 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 Edgio Inc to buy it.
The correlation of Edgio 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 Edgio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgio Inc 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 Edgio 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 Edgio Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Application Software 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 Edgio. If investors know Edgio 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 Edgio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (26.00) | Revenue Per Share 72.469 | Quarterly Revenue Growth (0.12) | Return On Assets (0.14) | Return On Equity (0.63) |
The market value of Edgio Inc is measured differently than its book value, which is the value of Edgio that is recorded on the company's balance sheet. Investors also form their own opinion of Edgio's value that differs from its market value or its book value, called intrinsic value, which is Edgio's 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 Edgio's market value can be influenced by many factors that don't directly affect Edgio's 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 Edgio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edgio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edgio's 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.