MediciNova Quick Ratio from 2010 to 2024

MNOV Stock  USD 2.01  0.07  3.37%   
MediciNova Quick Ratio yearly trend continues to be fairly stable with very little volatility. Quick Ratio will likely drop to 11.98 in 2024. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. View All Fundamentals
 
Quick Ratio  
First Reported
2010-12-31
Previous Quarter
15.60622256
Current Value
11.98
Quarterly Volatility
9.47185199
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check MediciNova financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MediciNova's main balance sheet or income statement drivers, such as Interest Expense of 679.1 K, Other Operating Expenses of 14.5 M or Research Development of 7.9 M, as well as many indicators such as Price To Sales Ratio of 107, Dividend Yield of 0.0 or PTB Ratio of 1.63. MediciNova financial statements analysis is a perfect complement when working with MediciNova Valuation or Volatility modules.
  
Check out the analysis of MediciNova Correlation against competitors.
For more information on how to buy MediciNova Stock please use our How to Invest in MediciNova guide.

Latest MediciNova's Quick Ratio Growth Pattern

Below is the plot of the Quick Ratio of MediciNova over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. MediciNova's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in MediciNova's overall financial position and show how it may be relating to other accounts over time.
Quick Ratio10 Years Trend
Slightly volatile
   Quick Ratio   
       Timeline  

MediciNova Quick Ratio Regression Statistics

Arithmetic Mean16.77
Geometric Mean13.93
Coefficient Of Variation56.46
Mean Deviation7.96
Median15.25
Standard Deviation9.47
Sample Variance89.72
Range26.9886
R-Value0.42
Mean Square Error79.53
R-Squared0.18
Significance0.12
Slope0.89
Total Sum of Squares1,256

MediciNova Quick Ratio History

2024 11.98
2023 15.61
2022 18.51
2021 25.42
2020 27.67
2019 28.86
2018 28.63

About MediciNova Financial Statements

MediciNova investors use historical fundamental indicators, such as MediciNova's Quick Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in MediciNova. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Quick Ratio 15.61  11.98 

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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.