Modular Medical Stock Current Ratio
| MODD Stock | USD 1.63 0.05 3.16% |
Modular Medical fundamentals help investors to digest information that contributes to Modular Medical's financial success or failures. It also enables traders to predict the movement of Modular Stock. The fundamental analysis module provides a way to measure Modular Medical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Modular Medical stock.
Modular |
Modular Medical Company Current Ratio Analysis
Modular Medical's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Modular Medical Current Ratio | 14.09 X |
Most of Modular Medical's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Modular Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Modular Medical has a Current Ratio of 14.09 times. This is 384.19% higher than that of the Health Care Equipment & Supplies sector and notably higher than that of the Health Care industry. The current ratio for all United States stocks is notably lower than that of the firm.
Modular Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Modular Medical's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Modular Medical could also be used in its relative valuation, which is a method of valuing Modular Medical by comparing valuation metrics of similar companies.Modular Medical is currently under evaluation in current ratio category among related companies.
Modular Fundamentals
| Return On Equity | -2.82 | ||||
| Return On Asset | -1.4 | ||||
| Current Valuation | 33.83 M | ||||
| Shares Outstanding | 30.99 M | ||||
| Shares Owned By Insiders | 10.35 % | ||||
| Shares Owned By Institutions | 46.86 % | ||||
| Number Of Shares Shorted | 199.35 K | ||||
| Price To Book | 12.65 X | ||||
| EBITDA | (13.72 M) | ||||
| Net Income | (13.88 M) | ||||
| Cash And Equivalents | 13.7 M | ||||
| Cash Per Share | 1.25 X | ||||
| Total Debt | 1.55 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 14.09 X | ||||
| Book Value Per Share | 0.18 X | ||||
| Cash Flow From Operations | (11.01 M) | ||||
| Short Ratio | 4.38 X | ||||
| Earnings Per Share | (1.06) X | ||||
| Target Price | 4.25 | ||||
| Number Of Employees | 37 | ||||
| Beta | -3.53 | ||||
| Market Capitalization | 48.96 M | ||||
| Total Asset | 7.25 M | ||||
| Retained Earnings | (48.46 M) | ||||
| Working Capital | 3.07 M | ||||
| Net Asset | 7.25 M |
About Modular Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Modular Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Modular Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Modular Medical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Modular Medical is a strong investment it is important to analyze Modular Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Modular Medical's future performance. For an informed investment choice regarding Modular Stock, refer to the following important reports:Check out Modular Medical Piotroski F Score and Modular Medical Altman Z Score analysis. For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.Note that the Modular Medical information on this page should be used as a complementary analysis to other Modular Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |
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.
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.