MediciNova Historical Balance Sheet

MNOV Stock

USD 1.35 0.01 0.75%

Trend analysis of MediciNova balance sheet accounts such as Common Stock Shares Outstanding of 24.6 M provides information on MediciNova's total assets, liabilities, and equity, which is the actual value of MediciNova to its prevalent stockholders. By breaking down trends over time using MediciNova 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.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining MediciNova 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 MediciNova is a good buy for the upcoming year.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MediciNova. 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.

For more information on how to buy MediciNova Stock please use our How to Invest in MediciNova guide.

About MediciNova Balance Sheet Analysis

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

MediciNova Balance Sheet Chart

At this time, MediciNova's Total Current Liabilities is fairly stable compared to the past year. Property Plant And Equipment Net is likely to climb to about 652.3 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 50.9 M in 2024.

Total Assets Total Stockholder Equity Common Stock Shares Outstanding Other Stockholder Equity

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Total Assets

Total assets refers to the total amount of MediciNova 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 MediciNova 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.

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 MediciNova's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into MediciNova 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MediciNova. 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.

For more information on how to buy MediciNova Stock please use our How to Invest in MediciNova guide.At this time, MediciNova's Total Current Liabilities is fairly stable compared to the past year. Property Plant And Equipment Net is likely to climb to about 652.3 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 50.9 M in 2024.

	2021	2022	2023	2024 (projected)
Total Stockholder Equity	83.7M	70.2M	62.4M	50.9M
Total Assets	87.4M	74.2M	66.3M	62.3M

Total Stockholder Equity Total Assets

MediciNova balance sheet Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Liab	Non Currrent Assets Other	Property Plant Equipment	Short Long Term Debt Total
Total Assets		1.0	-0.75	0.38	0.9	0.82	0.0	0.25	0.55	0.57	-0.86	0.17	0.89	0.45	0.98	0.9	0.24	-0.49	-0.09	0.56	0.99	0.9	-0.22	-0.51	-0.51	-0.67
Total Stockholder Equity	1.0		-0.71	0.4	0.91	0.8	-0.05	0.26	0.49	0.55	-0.85	0.16	0.9	0.4	0.99	0.9	0.26	-0.51	-0.08	0.54	1.0	0.9	-0.23	-0.53	-0.45	-0.64
Retained Earnings	-0.75	-0.71		-0.12	-0.83	-0.95	-0.49	-0.21	-0.56	-0.48	0.56	-0.27	-0.56	-0.9	-0.64	-0.85	-0.19	0.02	-0.11	-0.48	-0.65	-0.86	-0.07	0.15	0.89	0.82
Other Assets	0.38	0.4	-0.12		0.29	0.2	-0.18	-0.23	0.11	0.57	-0.47	-0.13	0.46	0.01	0.41	0.25	-0.08	-0.3	0.02	0.51	0.41	0.25	-0.34	-0.19	0.03	-0.2
Common Stock Shares Outstanding	0.9	0.91	-0.83	0.29		0.93	0.13	0.3	0.41	0.5	-0.71	0.26	0.78	0.58	0.89	0.99	0.31	-0.32	-0.03	0.49	0.89	0.99	-0.05	-0.43	-0.58	-0.71
Other Stockholder Equity	0.82	0.8	-0.95	0.2	0.93		0.44	0.33	0.44	0.42	-0.6	0.23	0.67	0.83	0.75	0.92	0.24	-0.04	0.14	0.41	0.76	0.92	0.09	-0.2	-0.82	-0.77
Total Liab	0.0	-0.05	-0.49	-0.18	0.13	0.44		0.44	0.27	-0.21	0.11	0.16	-0.04	0.77	-0.09	0.13	-0.1	0.7	0.27	-0.22	-0.09	0.13	0.56	0.45	-0.77	-0.32
Other Current Liab	0.25	0.26	-0.21	-0.23	0.3	0.33	0.44		0.18	-0.24	0.05	0.04	0.07	0.24	0.29	0.21	0.54	0.19	0.07	-0.24	0.27	0.2	0.3	-0.04	-0.33	-0.12
Total Current Liabilities	0.55	0.49	-0.56	0.11	0.41	0.44	0.27	0.18		0.59	-0.52	0.58	0.39	0.38	0.49	0.47	0.21	-0.47	-0.44	0.62	0.48	0.48	-0.39	-0.31	-0.49	-0.48
Property Plant And Equipment Net	0.57	0.55	-0.48	0.57	0.5	0.42	-0.21	-0.24	0.59		-0.5	0.1	0.35	0.21	0.53	0.55	0.4	-0.65	-0.23	1.0	0.53	0.56	-0.67	-0.32	-0.21	-0.56
Net Debt	-0.86	-0.85	0.56	-0.47	-0.71	-0.6	0.11	0.05	-0.52	-0.5		-0.28	-0.92	-0.26	-0.85	-0.73	0.12	0.54	0.18	-0.49	-0.86	-0.73	0.26	0.42	0.3	0.61
Accounts Payable	0.17	0.16	-0.27	-0.13	0.26	0.23	0.16	0.04	0.58	0.1	-0.28		0.22	0.17	0.18	0.29	-0.11	-0.31	-0.52	0.12	0.15	0.29	-0.18	-0.27	-0.2	0.04
Cash	0.89	0.9	-0.56	0.46	0.78	0.67	-0.04	0.07	0.39	0.35	-0.92	0.22		0.3	0.91	0.77	-0.16	-0.41	-0.15	0.33	0.91	0.77	-0.1	-0.51	-0.36	-0.49
Non Current Assets Total	0.45	0.4	-0.9	0.01	0.58	0.83	0.77	0.24	0.38	0.21	-0.26	0.17	0.3		0.31	0.59	0.05	0.38	0.32	0.2	0.33	0.59	0.33	0.17	-0.96	-0.68
Cash And Short Term Investments	0.98	0.99	-0.64	0.41	0.89	0.75	-0.09	0.29	0.49	0.53	-0.85	0.18	0.91	0.31		0.87	0.26	-0.55	-0.17	0.52	1.0	0.87	-0.24	-0.57	-0.38	-0.59
Common Stock Total Equity	0.9	0.9	-0.85	0.25	0.99	0.92	0.13	0.21	0.47	0.55	-0.73	0.29	0.77	0.59	0.87		0.27	-0.36	-0.06	0.55	0.87	1.0	-0.08	-0.44	-0.61	-0.74
Short Term Investments	0.24	0.26	-0.19	-0.08	0.31	0.24	-0.1	0.54	0.21	0.4	0.12	-0.11	-0.16	0.05	0.26	0.27		-0.31	-0.03	0.41	0.26	0.27	-0.32	-0.17	-0.07	-0.23
Non Current Liabilities Total	-0.49	-0.51	0.02	-0.3	-0.32	-0.04	0.7	0.19	-0.47	-0.65	0.54	-0.31	-0.41	0.38	-0.55	-0.36	-0.31		0.54	-0.67	-0.54	-0.36	0.8	0.67	-0.3	0.09
Other Current Assets	-0.09	-0.08	-0.11	0.02	-0.03	0.14	0.27	0.07	-0.44	-0.23	0.18	-0.52	-0.15	0.32	-0.17	-0.06	-0.03	0.54		-0.26	-0.11	-0.07	0.34	0.51	-0.2	-0.08
Property Plant And Equipment Gross	0.56	0.54	-0.48	0.51	0.49	0.41	-0.22	-0.24	0.62	1.0	-0.49	0.12	0.33	0.2	0.52	0.55	0.41	-0.67	-0.26		0.52	0.55	-0.68	-0.34	-0.22	-0.56
Total Current Assets	0.99	1.0	-0.65	0.41	0.89	0.76	-0.09	0.27	0.48	0.53	-0.86	0.15	0.91	0.33	1.0	0.87	0.26	-0.54	-0.11	0.52		0.87	-0.25	-0.55	-0.39	-0.6
Common Stock	0.9	0.9	-0.86	0.25	0.99	0.92	0.13	0.2	0.48	0.56	-0.73	0.29	0.77	0.59	0.87	1.0	0.27	-0.36	-0.07	0.55	0.87		-0.09	-0.44	-0.61	-0.74
Other Liab	-0.22	-0.23	-0.07	-0.34	-0.05	0.09	0.56	0.3	-0.39	-0.67	0.26	-0.18	-0.1	0.33	-0.24	-0.08	-0.32	0.8	0.34	-0.68	-0.25	-0.09		0.36	-0.29	-0.02
Non Currrent Assets Other	-0.51	-0.53	0.15	-0.19	-0.43	-0.2	0.45	-0.04	-0.31	-0.32	0.42	-0.27	-0.51	0.17	-0.57	-0.44	-0.17	0.67	0.51	-0.34	-0.55	-0.44	0.36		0.0	0.07
Property Plant Equipment	-0.51	-0.45	0.89	0.03	-0.58	-0.82	-0.77	-0.33	-0.49	-0.21	0.3	-0.2	-0.36	-0.96	-0.38	-0.61	-0.07	-0.3	-0.2	-0.22	-0.39	-0.61	-0.29	0.0		0.66
Short Long Term Debt Total	-0.67	-0.64	0.82	-0.2	-0.71	-0.77	-0.32	-0.12	-0.48	-0.56	0.61	0.04	-0.49	-0.68	-0.59	-0.74	-0.23	0.09	-0.08	-0.56	-0.6	-0.74	-0.02	0.07	0.66

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MediciNova Account Relationship Matchups

MediciNova balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	79.2M	75.4M	87.4M	74.2M	66.3M	62.3M
Total Stockholder Equity	74.9M	71.3M	83.7M	70.2M	62.4M	50.9M
Retained Earnings	(369.1M)	(382.9M)	(393.1M)	(407.1M)	(415.7M)	(394.9M)
Other Assets	59.8K	5.0M	97.9M	92.8K	106.7K	101.4K
Common Stock Shares Outstanding	43.2M	44.4M	48.6M	49.0M	49.0M	24.6M
Liabilities And Stockholders Equity	79.2M	75.4M	87.4M	74.2M	66.3M	62.3M
Other Stockholder Equity	444.0M	454.3M	476.8M	477.4M	478.1M	331.0M
Total Liab	4.3M	4.1M	3.7M	3.9M	3.9M	3.7M
Other Current Liab	1.8M	1.6M	547.3K	2.6M	164.4K	156.2K
Total Current Liabilities	2.2M	2.2M	2.8M	3.2M	3.3M	4.5M
Property Plant And Equipment Net	40.6K	55.7K	881.8K	674.8K	621.2K	652.3K
Net Debt	(63.4M)	(59.9M)	(71.3M)	(18.3M)	(50.8M)	(48.2M)
Accounts Payable	451.3K	616.6K	402.7K	424.6K	1.0M	722.3K
Cash	63.8M	60.0M	71.4M	18.5M	51.0M	32.1M
Non Current Assets Total	14.9M	14.7M	15.4M	15.2M	15.1M	15.4M
Cash And Short Term Investments	63.8M	60.0M	71.4M	58.5M	51.0M	35.9M
Common Stock Total Equity	43.9K	45.0K	49.0K	49.0K	56.4K	31.3K
Non Current Liabilities Total	2.1M	1.9M	896.5K	725.4K	612.5K	581.8K
Other Current Assets	511.9K	680.2K	578.0K	499.4K	174.9K	166.2K
Property Plant And Equipment Gross	40.6K	55.7K	1.3M	1.1M	1.1M	1.1M
Total Current Assets	64.3M	60.7M	72.0M	59.0M	51.2M	38.1M
Common Stock	43.9K	45.0K	49.0K	49.0K	56.4K	32.4K
Other Liab	1.9M	1.9M	1.9M	201.8K	232.1K	220.5K
Non Currrent Assets Other	459.8K	246.2K	115.5K	92.8K	74.2K	70.4K
Accumulated Other Comprehensive Income	(92.7K)	(88.2K)	(98.9K)	(115.3K)	(118.1K)	(124.0K)
Property Plant Equipment	40.6K	55.7K	57.6K	45.3K	40.7K	38.7K
Short Long Term Debt Total	399.3K	184.8K	132.0K	157.5K	215.9K	205.1K
Net Tangible Assets	65.3M	61.7M	74.1M	60.6M	69.7M	41.2M
Retained Earnings Total Equity	(369.1M)	(382.9M)	(393.1M)	(407.1M)	(366.4M)	(384.7M)
Capital Surpluse	444.0M	454.3M	476.8M	477.4M	549.1M	427.3M
Net Invested Capital	74.9M	71.3M	83.7M	70.2M	62.4M	74.5M
Net Working Capital	62.1M	58.5M	69.2M	55.8M	47.9M	59.6M
Capital Stock	43.9K	45.0K	49.0K	49.0K	56.4K	51.0K

Pair Trading with MediciNova

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 MediciNova 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 MediciNova will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to MediciNova could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MediciNova 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 MediciNova - 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 MediciNova to buy it.

The correlation of MediciNova 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 MediciNova moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MediciNova 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 MediciNova 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.

Pair Correlation Correlation Matching

Additional Tools for MediciNova Stock Analysis

When running MediciNova's price analysis, check to measure MediciNova's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MediciNova is operating at the current time. Most of MediciNova's value examination focuses on studying past and present price action to predict the probability of MediciNova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MediciNova's price. Additionally, you may evaluate how the addition of MediciNova to your portfolios can decrease your overall portfolio volatility.

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MediciNova Historical Balance Sheet

About MediciNova Balance Sheet Analysis

MediciNova Balance Sheet Chart

Total Assets

Total Stockholder Equity

Common Stock Shares Outstanding

MediciNova balance sheet Correlations

MediciNova Account Relationship Matchups

High Positive Relationship

High Negative Relationship

MediciNova balance sheet Accounts

Pair Trading with MediciNova

Additional Tools for MediciNova Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Total Equity
Total Current Assets	+ 0.99	Total Assets

Property Plant Equipment	- 0.96	Non Current Assets Total
Other Stockholder Equity	- 0.95	Retained Earnings
Cash	- 0.92	Net Debt
Non Current Assets Total	- 0.9	Retained Earnings
Total Current Assets	- 0.86	Net Debt
Common Stock	- 0.86	Retained Earnings