Modular Current Ratio from 2010 to 2024
| MODD Stock | USD 1.71 0.01 0.59% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 4.75 | Current Value 4.51 | Quarterly Volatility 70.84693366 |
Check Modular Medical financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Modular main balance sheet or income statement drivers, such as Depreciation And Amortization of 184 K, Selling General Administrative of 4.4 M or Other Operating Expenses of 16.8 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 2.94. Modular financial statements analysis is a perfect complement when working with Modular Medical Valuation or Volatility modules.
Modular | Current Ratio |
Latest Modular Medical's Current Ratio Growth Pattern
Below is the plot of the Current Ratio of Modular Medical over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Modular Medical's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Modular Medical's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 14.09 X | 10 Years Trend |
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Current Ratio |
| Timeline |
Modular Current Ratio Regression Statistics
| Arithmetic Mean | 25.39 | |
| Geometric Mean | 1.07 | |
| Coefficient Of Variation | 279.02 | |
| Mean Deviation | 35.30 | |
| Median | 4.51 | |
| Standard Deviation | 70.85 | |
| Sample Variance | 5,019 | |
| Range | 279 | |
| R-Value | 0.03 | |
| Mean Square Error | 5,402 | |
| R-Squared | 0.0006 | |
| Significance | 0.93 | |
| Slope | 0.40 | |
| Total Sum of Squares | 70,270 |
Modular Current Ratio History
About Modular Medical Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Modular Medical income statement, its balance sheet, and the statement of cash flows. Modular Medical investors use historical funamental indicators, such as Modular Medical's Current Ratio, to determine how well the company is positioned to perform in the future. Although Modular Medical investors may use each financial statement separately, they are all related. The changes in Modular Medical's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Modular Medical's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Modular Medical Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Modular Medical. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 4.75 | 4.51 |
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Complementary Tools for Modular Stock analysis
When running Modular Medical's price analysis, check to measure Modular Medical'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 Modular Medical is operating at the current time. Most of Modular Medical's value examination focuses on studying past and present price action to predict the probability of Modular Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Modular Medical's price. Additionally, you may evaluate how the addition of Modular Medical to your portfolios can decrease your overall portfolio volatility.
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Is Modular Medical's industry 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 Modular Medical. If investors know Modular 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 Modular Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.06) | Return On Assets (1.40) | Return On Equity (2.82) |
The market value of Modular Medical is measured differently than its book value, which is the value of Modular that is recorded on the company's balance sheet. Investors also form their own opinion of Modular Medical's value that differs from its market value or its book value, called intrinsic value, which is Modular Medical'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 Modular Medical's market value can be influenced by many factors that don't directly affect Modular Medical'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 Modular Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modular Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modular Medical'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.