Modular Property Plant And Equipment Net vs Common Stock Analysis
MODD Stock | USD 1.39 0.04 2.80% |
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 Property Plant And Equipment Net and its Common Stock 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.
Property Plant And Equipment Net vs Common Stock
Property Plant And Equipment Net vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Modular Medical Property Plant And Equipment Net account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Modular Medical's Property Plant And Equipment Net and Common Stock is 0.57. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Common Stock 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 Property Plant And Equipment Net and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Modular Medical are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Property Plant And Equipment Net i.e., Modular Medical's Property Plant And Equipment Net and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.57 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Common Stock
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 Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 12.8 M, whereas Enterprise Value Over EBITDA is forecasted to decline to (1.99).
2023 | 2024 (projected) | Research Development | 12.9M | 13.5M | Interest Income | 117.0 | 111.15 |
Modular Medical fundamental ratios Correlations
Click cells to compare fundamentals
Modular Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.