Modular Net Debt vs Depreciation And Amortization Analysis

MODD Stock

USD 1.60 0.08 4.76%

Modular Medical financial indicator trend analysis is infinitely more than just investigating Modular Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Modular Medical is a good investment. Please check the relationship between Modular Medical Net Debt and its Depreciation And Amortization accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modular Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.

Net Debt vs Depreciation And Amortization

Net Debt vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Modular Medical Net Debt account and Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Modular Medical's Net Debt and Depreciation And Amortization is -0.39. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Modular Medical, assuming nothing else is changed. The correlation between historical values of Modular Medical's Net Debt and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Modular Medical are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Net Debt i.e., Modular Medical's Net Debt and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Most indicators from Modular Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Modular Medical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Modular Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.At present, Modular Medical's Enterprise Value is projected to increase significantly based on the last few years of reporting.

	2023	2024 (projected)
Research Development	12.9M	13.5M
Interest Income	117.0	111.15

Research Development Interest Income

Modular Medical fundamental ratios Correlations

	Common Stock Shares Outstanding	Retained Earnings	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Stockholder Equity	Total Liab	Total Assets	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Total Current Assets	Common Stock	Property Plant And Equipment Net	Non Current Assets Total	Inventory	Other Current Assets	Net Tangible Assets	Net Invested Capital	Net Working Capital	Non Currrent Assets Other	Other Assets	Property Plant Equipment	Good Will	Capital Stock
Common Stock Shares Outstanding		-0.95	-0.26	0.56	0.88	0.96	0.72	0.49	-0.44	0.66	0.46	0.46	0.47	0.94	0.59	0.59	0.35	0.85	0.48	0.88	0.55	-0.04	-0.04	0.94	0.86	0.45
Retained Earnings	-0.95		0.16	-0.56	-0.86	-0.99	-0.75	-0.46	0.41	-0.62	-0.43	-0.43	-0.44	-0.83	-0.56	-0.56	-0.32	-0.91	-0.55	-0.87	-0.58	0.0	0.0	-0.95	-0.78	-0.27
Other Current Liab	-0.26	0.16		0.06	-0.26	-0.18	-0.01	0.13	-0.15	-0.82	0.15	0.15	0.14	-0.3	0.1	0.1	0.08	-0.09	-0.15	-0.25	-0.2	0.21	0.21	-0.22	-0.28	-0.27
Total Current Liabilities	0.56	-0.56	0.06		0.29	0.53	0.95	0.37	-0.32	0.39	0.35	0.35	0.36	0.44	0.41	0.42	0.26	0.68	-0.04	0.34	-0.03	0.52	0.52	0.48	0.35	0.19
Total Stockholder Equity	0.88	-0.86	-0.26	0.29		0.9	0.45	0.5	-0.48	0.62	0.48	0.48	0.49	0.9	0.55	0.55	0.32	0.82	0.81	0.98	0.85	-0.02	-0.02	0.77	0.73	0.26
Other Stockholder Equity	0.96	-0.99	-0.18	0.53	0.9		0.71	0.47	-0.42	0.63	0.44	0.44	0.45	0.86	0.56	0.56	0.33	0.91	0.59	0.9	0.62	-0.02	-0.02	0.94	0.78	0.27
Total Liab	0.72	-0.75	-0.01	0.95	0.45	0.71		0.42	-0.37	0.49	0.4	0.4	0.4	0.59	0.5	0.51	0.3	0.75	0.09	0.48	0.08	0.37	0.37	0.7	0.48	0.21
Total Assets	0.49	-0.46	0.13	0.37	0.5	0.47	0.42		-1.0	0.17	1.0	1.0	1.0	0.51	0.99	0.99	-0.03	0.47	0.43	0.5	0.41	0.22	0.22	0.4	0.29	0.06
Net Debt	-0.44	0.41	-0.15	-0.32	-0.48	-0.42	-0.37	-1.0		-0.13	-1.0	-1.0	-1.0	-0.47	-0.97	-0.98	0.05	-0.42	-0.43	-0.47	-0.41	-0.22	-0.22	-0.34	-0.25	-0.04
Accounts Payable	0.66	-0.62	-0.82	0.39	0.62	0.63	0.49	0.17	-0.13		0.14	0.14	0.16	0.66	0.22	0.22	0.14	0.58	0.39	0.61	0.43	0.13	0.13	0.58	0.52	0.25
Cash	0.46	-0.43	0.15	0.35	0.48	0.44	0.4	1.0	-1.0	0.14		1.0	1.0	0.48	0.98	0.98	-0.04	0.44	0.42	0.48	0.4	0.23	0.23	0.36	0.27	0.05
Cash And Short Term Investments	0.46	-0.43	0.15	0.35	0.48	0.44	0.4	1.0	-1.0	0.14	1.0		1.0	0.48	0.98	0.98	-0.04	0.44	0.42	0.48	0.4	0.23	0.23	0.36	0.27	0.05
Total Current Assets	0.47	-0.44	0.14	0.36	0.49	0.45	0.4	1.0	-1.0	0.16	1.0	1.0		0.49	0.98	0.98	-0.03	0.45	0.43	0.49	0.41	0.23	0.23	0.37	0.27	0.05
Common Stock	0.94	-0.83	-0.3	0.44	0.9	0.86	0.59	0.51	-0.47	0.66	0.48	0.48	0.49		0.57	0.57	0.35	0.72	0.56	0.89	0.64	0.03	0.03	0.82	0.8	0.48
Property Plant And Equipment Net	0.59	-0.56	0.1	0.41	0.55	0.56	0.5	0.99	-0.97	0.22	0.98	0.98	0.98	0.57		1.0	0.0	0.52	0.41	0.54	0.39	0.14	0.14	0.53	0.39	0.12
Non Current Assets Total	0.59	-0.56	0.1	0.42	0.55	0.56	0.51	0.99	-0.98	0.22	0.98	0.98	0.98	0.57	1.0		0.0	0.52	0.41	0.54	0.39	0.15	0.15	0.53	0.39	0.12
Inventory	0.35	-0.32	0.08	0.26	0.32	0.33	0.3	-0.03	0.05	0.14	-0.04	-0.04	-0.03	0.35	0.0	0.0		0.31	0.23	0.33	0.26	0.07	0.07	0.3	0.28	0.16
Other Current Assets	0.85	-0.91	-0.09	0.68	0.82	0.91	0.75	0.47	-0.42	0.58	0.44	0.44	0.45	0.72	0.52	0.52	0.31		0.54	0.85	0.58	0.23	0.23	0.76	0.69	0.2
Net Tangible Assets	0.48	-0.55	-0.15	-0.04	0.81	0.59	0.09	0.43	-0.43	0.39	0.42	0.42	0.43	0.56	0.41	0.41	0.23	0.54		0.79	0.95	0.05	0.05	0.4	0.33	-0.11
Net Invested Capital	0.88	-0.87	-0.25	0.34	0.98	0.9	0.48	0.5	-0.47	0.61	0.48	0.48	0.49	0.89	0.54	0.54	0.33	0.85	0.79		0.85	-0.03	-0.03	0.77	0.76	0.3
Net Working Capital	0.55	-0.58	-0.2	-0.03	0.85	0.62	0.08	0.41	-0.41	0.43	0.4	0.4	0.41	0.64	0.39	0.39	0.26	0.58	0.95	0.85		-0.01	-0.01	0.43	0.53	0.17
Non Currrent Assets Other	-0.04	0.0	0.21	0.52	-0.02	-0.02	0.37	0.22	-0.22	0.13	0.23	0.23	0.23	0.03	0.14	0.15	0.07	0.23	0.05	-0.03	-0.01		1.0	-0.2	-0.24	-0.27
Other Assets	-0.04	0.0	0.21	0.52	-0.02	-0.02	0.37	0.22	-0.22	0.13	0.23	0.23	0.23	0.03	0.14	0.15	0.07	0.23	0.05	-0.03	-0.01	1.0		-0.2	-0.24	-0.27
Property Plant Equipment	0.94	-0.95	-0.22	0.48	0.77	0.94	0.7	0.4	-0.34	0.58	0.36	0.36	0.37	0.82	0.53	0.53	0.3	0.76	0.4	0.77	0.43	-0.2	-0.2		0.78	0.35
Good Will	0.86	-0.78	-0.28	0.35	0.73	0.78	0.48	0.29	-0.25	0.52	0.27	0.27	0.27	0.8	0.39	0.39	0.28	0.69	0.33	0.76	0.53	-0.24	-0.24	0.78		0.8
Capital Stock	0.45	-0.27	-0.27	0.19	0.26	0.27	0.21	0.06	-0.04	0.25	0.05	0.05	0.05	0.48	0.12	0.12	0.16	0.2	-0.11	0.3	0.17	-0.27	-0.27	0.35	0.8

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Modular Medical Account Relationship Matchups

Modular Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	6.0M	6.2M	6.8M	10.9M	22.4M	23.5M
Retained Earnings	(8.6M)	(15.9M)	(34.6M)	(48.5M)	(65.9M)	(62.6M)
Other Current Liab	202.2K	499.9K	524.9K	339K	(93K)	(88.4K)
Total Current Liabilities	661.4K	3.3M	969.7K	979.3K	1.5M	1.5M
Total Stockholder Equity	2.9M	(1.3M)	8.8M	5.1M	11.5M	12.1M
Other Stockholder Equity	10.5M	14.7M	43.4M	53.5M	77.4M	81.3M
Total Liab	980.1K	3.5M	1.0M	2.2M	2.3M	2.4M
Total Assets	3.9M	2.2M	9.8M	7.2M	13.8M	14.5M
Net Debt	(2.9M)	1.3M	(8.9M)	(2.3M)	(8.0M)	(7.6M)
Accounts Payable	367.0K	169.3K	300.0K	285K	802K	842.1K
Cash	3.1M	1.5M	9.1M	3.8M	9.2M	9.7M
Cash And Short Term Investments	3.1M	1.5M	9.1M	3.8M	9.2M	9.7M
Liabilities And Stockholders Equity	3.9M	2.2M	9.8M	7.2M	13.8M	14.5M
Total Current Assets	3.2M	1.6M	9.4M	4.0M	9.7M	10.2M
Common Stock	17.9K	6.3K	10.5K	10.9K	32K	33.6K
Property Plant And Equipment Net	572.3K	499.1K	356.7K	3.2M	4.1M	4.3M
Non Current Assets Total	672.3K	599.1K	456.7K	3.2M	4.1M	4.3M
Other Current Assets	306.0	180.6K	313.4K	146.9K	318K	333.9K
Net Tangible Assets	2.9M	(1.3M)	8.8M	5.1M	5.8M	4.3M
Non Current Liabilities Total	318.7K	226.4K	40.0K	1.2M	817K	857.9K
Net Invested Capital	2.9M	1.2M	8.8M	5.1M	11.5M	12.1M
Net Working Capital	2.5M	(1.6M)	8.4M	3.1M	8.2M	4.5M
Property Plant Equipment	572.3K	499.1K	356.7K	3.2M	3.7M	3.9M
Capital Stock	17.9K	18.9K	10.5K	10.9K	32K	19.8K

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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:

How To Invest In Modular

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Is Modular Stock a good investment?

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What is Modular Medical's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modular Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Is Health Care Equipment & Supplies space 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

(0.65)

Return On Assets

(0.95)

Return On Equity

(1.83)

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.

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Modular Net Debt vs Depreciation And Amortization Analysis

Net Debt vs Depreciation And Amortization

Net Debt vs Depreciation And Amortization Correlation Analysis

Correlation Coefficient

Net Debt

Depreciation And Amortization

Modular Medical fundamental ratios Correlations

Modular Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Modular Medical fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash And Short Term Investments

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 1.0	Total Assets
Other Stockholder Equity	- 0.99	Retained Earnings
Non Current Assets Total	- 0.98	Net Debt