Oncolytics Historical Balance Sheet

ONC Stock  CAD 1.32  0.06  4.35%   
Trend analysis of Oncolytics Biotech balance sheet accounts such as Total Stockholder Equity of 17.8 M provides information on Oncolytics Biotech's total assets, liabilities, and equity, which is the actual value of Oncolytics Biotech to its prevalent stockholders. By breaking down trends over time using Oncolytics Biotech 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.
 
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Financial Statement Analysis is much more than just reviewing and examining Oncolytics Biotech 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 Oncolytics Biotech is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oncolytics Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Oncolytics Stock, please use our How to Invest in Oncolytics Biotech guide.

About Oncolytics Balance Sheet Analysis

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

Oncolytics Biotech Balance Sheet Chart

At this time, Oncolytics Biotech's Cash And Equivalents is very stable compared to the past year.

Total Assets

Total assets refers to the total amount of Oncolytics Biotech 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 Oncolytics Biotech 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 Oncolytics Biotech balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Oncolytics Biotech 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.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most accounts from Oncolytics Biotech's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Oncolytics Biotech 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oncolytics Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Oncolytics Stock, please use our How to Invest in Oncolytics Biotech guide.At this time, Oncolytics Biotech's Cash And Equivalents is very stable compared to the past year.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total654.8K373K423K301.2K
Total Assets45.9M37.3M38.8M30.5M

Oncolytics Biotech balance sheet Correlations

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0.30.370.240.58-0.33-0.290.420.46-0.70.330.23-0.12-0.03-0.10.230.320.050.36-0.720.24-0.5-0.67-0.74-0.170.19
0.010.37-0.30.290.02-0.150.550.0-0.39-0.030.34-0.110.09-0.030.210.710.110.03-0.420.23-0.15-0.41-0.320.6-0.01
0.90.24-0.30.51-0.78-0.33-0.070.82-0.040.94-0.330.480.120.470.34-0.10.410.9-0.30.24-0.15-0.25-0.03-0.230.42
0.740.580.290.51-0.58-0.75-0.170.63-0.230.70.040.590.590.620.710.640.630.76-0.610.69-0.05-0.63-0.290.160.77
-0.84-0.330.02-0.78-0.580.460.09-0.950.35-0.860.26-0.54-0.31-0.55-0.47-0.13-0.68-0.840.44-0.060.290.41-0.12-0.03-0.41
-0.62-0.29-0.15-0.33-0.750.460.34-0.390.35-0.55-0.11-0.84-0.81-0.84-0.98-0.6-0.8-0.620.7-0.42-0.050.790.010.01-0.93
-0.120.420.55-0.07-0.170.090.34-0.03-0.48-0.040.04-0.55-0.63-0.55-0.24-0.05-0.35-0.08-0.33-0.22-0.51-0.2-0.49-0.09-0.52
0.840.460.00.820.63-0.95-0.39-0.03-0.340.87-0.220.410.230.430.360.180.520.86-0.430.12-0.24-0.39-0.050.020.42
-0.13-0.7-0.39-0.04-0.230.350.35-0.48-0.34-0.18-0.140.070.050.08-0.34-0.19-0.19-0.180.840.350.480.780.450.22-0.07
0.980.33-0.030.940.7-0.86-0.55-0.040.87-0.18-0.290.620.340.630.560.210.60.99-0.490.35-0.13-0.47-0.06-0.040.57
-0.150.230.34-0.330.040.26-0.110.04-0.22-0.14-0.29-0.10.240.030.050.43-0.12-0.14-0.130.180.09-0.28-0.240.130.08
0.7-0.12-0.110.480.59-0.54-0.84-0.550.410.070.62-0.10.810.980.860.390.890.67-0.310.420.13-0.40.430.080.86
0.46-0.030.090.120.59-0.31-0.81-0.630.230.050.340.240.810.870.750.710.680.44-0.280.510.41-0.450.210.280.83
0.73-0.1-0.030.470.62-0.55-0.84-0.550.430.080.630.030.980.870.840.50.850.7-0.310.470.24-0.440.360.180.86
0.630.230.210.340.71-0.47-0.98-0.240.36-0.340.560.050.860.750.840.570.860.62-0.710.39-0.04-0.770.080.030.87
0.320.320.71-0.10.64-0.13-0.6-0.050.18-0.190.210.430.390.710.50.570.40.33-0.450.560.25-0.56-0.210.570.59
0.650.050.110.410.63-0.68-0.8-0.350.52-0.190.6-0.120.890.680.850.860.40.63-0.440.25-0.2-0.490.440.160.72
1.00.360.030.90.76-0.84-0.62-0.080.86-0.180.99-0.140.670.440.70.620.330.63-0.520.43-0.08-0.53-0.080.020.65
-0.48-0.72-0.42-0.3-0.610.440.7-0.33-0.430.84-0.49-0.13-0.31-0.28-0.31-0.71-0.45-0.44-0.52-0.130.320.970.510.17-0.48
0.450.240.230.240.69-0.06-0.42-0.220.120.350.350.180.420.510.470.390.560.250.43-0.130.2-0.19-0.250.320.54
-0.06-0.5-0.15-0.15-0.050.29-0.05-0.51-0.240.48-0.130.090.130.410.24-0.040.25-0.2-0.080.320.20.20.00.230.22
-0.49-0.67-0.41-0.25-0.630.410.79-0.2-0.390.78-0.47-0.28-0.4-0.45-0.44-0.77-0.56-0.49-0.530.97-0.190.20.450.13-0.59
-0.03-0.74-0.32-0.03-0.29-0.120.01-0.49-0.050.45-0.06-0.240.430.210.360.08-0.210.44-0.080.51-0.250.00.450.180.06
0.04-0.170.6-0.230.16-0.030.01-0.090.020.22-0.040.130.080.280.180.030.570.160.020.170.320.230.130.180.01
0.650.19-0.010.420.77-0.41-0.93-0.520.42-0.070.570.080.860.830.860.870.590.720.65-0.480.540.22-0.590.060.01
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Oncolytics Biotech Account Relationship Matchups

Oncolytics Biotech balance sheet Accounts

201920202021202220232024 (projected)
Total Assets19.7M34.3M45.9M37.3M38.8M30.5M
Total Current Liabilities12.9M2.7M2.7M3.9M4.2M3.9M
Total Stockholder Equity(107.9K)24.8M36.1M26.5M27.6M17.8M
Property Plant And Equipment Net727.5K609.1K976.3K652K647K460.6K
Net Debt(13.6M)(30.8M)(40.6M)(11.3M)(34.5M)(32.8M)
Retained Earnings(344.6M)(367.1M)(393.4M)(418.3M)(446.0M)(423.7M)
Accounts Payable3.2M1.8K594K2.3M1.1M1.0M
Cash14.1M31.2M41.3M11.7M34.9M19.4M
Non Current Assets Total727.5K609.1K976.3K1.7M647K614.7K
Cash And Short Term Investments14.1M31.2M41.3M32.1M34.9M26.6M
Net Receivables2.1M89.7K866.1K521K15K14.3K
Common Stock Shares Outstanding22.1M40.3M53.5M58.0M67.6M71.0M
Liabilities And Stockholders Equity19.7M34.3M45.9M37.3M38.8M30.5M
Non Current Liabilities Total6.9M6.9M7.1M6.9M7.0M7.4M
Other Current Assets1.5M2.4M2.8M3.0M3.2M3.4M
Other Stockholder Equity33.0M31.0M34.2M40.1M42.1M42.9M
Total Liab19.8M9.6M9.8M10.8M11.3M6.0M
Property Plant And Equipment Gross727.5K609.1K976.3K652K1.3M1.4M
Total Current Assets18.9M33.7M44.9M35.7M38.2M28.0M
Accumulated Other Comprehensive Income464.1K400.2K387.7K662K544K516.8K
Short Term Investments13.1M30.4M1.4M20.5M3.4M3.2M
Short Term Debt339.8K248.9K294K216K133K126.4K
Other Current Liab12.5M2.5M1.8M1.5M3.0M3.2M
Common Stock311.1M356.8M391.3M404.0M430.9M310.7M
Common Stock Total Equity271.7M285.2M311.1M356.8M410.3M294.9M
Net Tangible Assets(107.9K)24.8M36.1M26.5M30.5M19.0M
Property Plant Equipment727.5K609.1K976.3K652K749.8K610.4K
Capital Surpluse33.0M34.6M37.8M40.1M46.1M35.9M
Long Term Debt Total166.4K153.2K361.1K157K180.6K131.6K
Cash And Equivalents1.1M858.0K1.4M11.7M13.4M14.1M
Current Deferred Revenue(3.2K)(1.8K)(594K)(1.1M)(973.8K)(925.1K)
Net Invested Capital(107.9K)24.8M36.1M26.5M27.6M20.3M
Net Working Capital6.1M31.0M42.2M31.7M33.9M26.6M
Capital Stock311.1M356.8M391.3M404.0M430.9M399.6M

Pair Trading with Oncolytics Biotech

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

Moving against Oncolytics Stock

  0.36THRM Therma BrightPairCorr
The ability to find closely correlated positions to Oncolytics Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oncolytics Biotech 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 Oncolytics Biotech - 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 Oncolytics Biotech to buy it.
The correlation of Oncolytics Biotech 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 Oncolytics Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oncolytics Biotech 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 Oncolytics Biotech 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 CorrelationCorrelation Matching
When determining whether Oncolytics Biotech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Oncolytics Biotech's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oncolytics Biotech Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oncolytics Biotech Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oncolytics Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Oncolytics Stock, please use our How to Invest in Oncolytics Biotech guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Please note, there is a significant difference between Oncolytics Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oncolytics Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oncolytics Biotech'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.