Modular Medical Balance Sheet Health
Financial Health criteria checks 6/6
Modular Medical has a total shareholder equity of $6.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.8M and $1.9M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.89m |
| Equity | US$6.92m |
| Total liabilities | US$1.86m |
| Total assets | US$8.77m |
Recent financial health updates
Here's Why Modular Medical (NASDAQ:MODD) Must Use Its Cash Wisely
Jul 16
Here's Why We're A Bit Worried About Modular Medical's (NASDAQ:MODD) Cash Burn Situation
Oct 08Modular Medical (NASDAQ:MODD) Will Have To Spend Its Cash Wisely
Mar 15We're Keeping An Eye On Modular Medical's (NASDAQ:MODD) Cash Burn Rate
Nov 19We Think Modular Medical (NASDAQ:MODD) Needs To Drive Business Growth Carefully
Jul 22Recent updates
Here's Why Modular Medical (NASDAQ:MODD) Must Use Its Cash Wisely
Jul 16Here's Why We're A Bit Worried About Modular Medical's (NASDAQ:MODD) Cash Burn Situation
Oct 08Modular Medical (NASDAQ:MODD) Will Have To Spend Its Cash Wisely
Mar 15We're Keeping An Eye On Modular Medical's (NASDAQ:MODD) Cash Burn Rate
Nov 19Modular Medical appoints Kevin Schmid as COO
Jul 26We Think Modular Medical (NASDAQ:MODD) Needs To Drive Business Growth Carefully
Jul 22Modular Medical: Next Generation Insulin Pump Developer
Mar 21Financial Position Analysis
Short Term Liabilities: MODD's short term assets ($4.2M) exceed its short term liabilities ($1.2M).
Long Term Liabilities: MODD's short term assets ($4.2M) exceed its long term liabilities ($611.0K).
Debt to Equity History and Analysis
Debt Level: MODD is debt free.
Reducing Debt: MODD had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MODD has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MODD is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.