Modular Medical Inc (MODD) - Net Assets
Based on the latest financial reports, Modular Medical Inc (MODD) has net assets worth $5.88 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.26 Million) and total liabilities ($4.38 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Modular Medical Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.88 Million |
| % of Total Assets | 57.33% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 116.03 |
Modular Medical Inc - Net Assets Trend (2005–2025)
This chart illustrates how Modular Medical Inc's net assets have evolved over time, based on quarterly financial data. See Modular Medical Inc (MODD) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Modular Medical Inc (2005–2025)
The table below shows the annual net assets of Modular Medical Inc from 2005 to 2025. For live valuation and market cap data, see MODD market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $17.08 Million | +48.05% |
| 2024-03-31 | $11.54 Million | +127.25% |
| 2023-03-31 | $5.08 Million | -42.56% |
| 2022-03-31 | $8.84 Million | +793.00% |
| 2021-03-31 | $-1.28 Million | -144.30% |
| 2020-03-31 | $2.88 Million | -55.54% |
| 2019-03-31 | $6.47 Million | +49.90% |
| 2018-03-31 | $4.32 Million | +232.75% |
| 2017-03-31 | $1.30 Million | +897.88% |
| 2015-03-31 | $-162.68K | +99.77% |
| 2014-03-31 | $-70.90 Million | -0.03% |
| 2013-03-31 | $-70.88 Million | -0.03% |
| 2012-03-31 | $-70.86 Million | -19.70% |
| 2011-03-31 | $-59.19 Million | -49000.12% |
| 2010-03-31 | $-120.56K | -6.79% |
| 2009-03-31 | $-112.89K | -16.65% |
| 2007-03-31 | $-96.78K | -7.18% |
| 2006-03-31 | $-90.29K | -281.19% |
| 2005-03-31 | $-23.69K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Modular Medical Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8464665900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $54.00K | 0.32% |
| Other Components | $101.78 Million | 595.98% |
| Total Equity | $17.08 Million | 100.00% |
Modular Medical Inc Competitors by Market Cap
The table below lists competitors of Modular Medical Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mene Inc
V:MENE
|
$20.67 Million |
|
Eagon Ind
KO:008250
|
$20.68 Million |
|
Central Motek Co Ltd
KO:308170
|
$20.71 Million |
|
Sala @ Sathorn Property Fund
BK:SSPF
|
$20.72 Million |
|
Gotland Rederi AB Series B
ST:GOTL-B
|
$20.67 Million |
|
Pantheon International PLC
LSE:PIN
|
$20.67 Million |
|
Bayfirst Financial Corp
NASDAQ:BAFN
|
$20.66 Million |
|
Zodiac Clothing Company Limited
NSE:ZODIACLOTH
|
$20.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Modular Medical Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,535,000 to 17,077,000, a change of 5,542,000 (48.0%).
- Net loss of 18,824,000 reduced equity.
- New share issuances of 20,825,000 increased equity.
- Other factors increased equity by 3,541,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-18.82 Million | -110.23% |
| Share Issuances | $20.82 Million | +121.95% |
| Other Changes | $3.54 Million | +20.74% |
| Total Change | $- | 48.05% |
Book Value vs Market Value Analysis
This analysis compares Modular Medical Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | $-2.99 | $4.46 | x |
| 2006-03-31 | $-0.24 | $4.46 | x |
| 2007-03-31 | $-0.23 | $4.46 | x |
| 2008-03-31 | $-3.19 | $4.46 | x |
| 2009-03-31 | $-0.27 | $4.46 | x |
| 2010-03-31 | $-0.29 | $4.46 | x |
| 2011-03-31 | $-142.09 | $4.46 | x |
| 2012-03-31 | $-170.08 | $4.46 | x |
| 2013-03-31 | $-170.13 | $4.46 | x |
| 2014-03-31 | $-170.19 | $4.46 | x |
| 2015-03-31 | $-11.71 | $4.46 | x |
| 2016-03-31 | $-13.95 | $4.46 | x |
| 2017-03-31 | $0.37 | $4.46 | x |
| 2018-03-31 | $29.15 | $4.46 | x |
| 2019-03-31 | $35.12 | $4.46 | x |
| 2020-03-31 | $14.50 | $4.46 | x |
| 2021-03-31 | $-6.16 | $4.46 | x |
| 2022-03-31 | $38.94 | $4.46 | x |
| 2023-03-31 | $14.00 | $4.46 | x |
| 2024-03-31 | $15.46 | $4.46 | x |
| 2025-03-31 | $13.84 | $4.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Modular Medical Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -110.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.10x
- Recent ROE (-110.23%) is below the historical average (-46.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.83K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $123.30 |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $3.20K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.28K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $1.89K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $4.39K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $5.91 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $7.07 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $7.07 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $7.07 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.73K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.71K |
| 2017 | -8.21% | 0.00% | 0.00x | 1.06x | $-236.36K |
| 2018 | -2.47% | 0.00% | 0.00x | 1.00x | $-538.46K |
| 2019 | -39.23% | 0.00% | 0.00x | 1.03x | $-3.19 Million |
| 2020 | -184.85% | 0.00% | 0.00x | 1.34x | $-5.61 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.25 Million |
| 2022 | -210.85% | 0.00% | 0.00x | 1.11x | $-19.52 Million |
| 2023 | -273.42% | 0.00% | 0.00x | 1.43x | $-14.39 Million |
| 2024 | -151.45% | 0.00% | 0.00x | 1.20x | $-18.62 Million |
| 2025 | -110.23% | 0.00% | 0.00x | 1.10x | $-20.53 Million |
Industry Comparison
This section compares Modular Medical Inc's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $1,818,520,110
- Average return on equity (ROE) among peers: -48.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Modular Medical Inc (MODD) | $5.88 Million | 0.00% | 0.74x | $20.67 Million |
| Abbott Laboratories (ABT) | $17.78 Billion | 20.28% | 1.23x | $153.89 Billion |
| Adagio Medical Holdings, Inc Common Stock (ADGM) | $19.91 Million | -270.00% | 1.43x | $15.55 Million |
| Aethlon Medical Inc (AEMD) | $-5.98 Million | 0.00% | 0.00x | $2.51 Million |
| Acutus Medical Inc (AFIB) | $126.58 Million | -80.56% | 0.52x | $903.35K |
| Adapthealth Corp (AHCO) | $280.85 Million | -57.55% | 5.46x | $1.29 Billion |
| 20/20 Biolabs, Inc. Common Stock (AIDX) | $6.89 Million | 30.07% | 0.49x | $6.67 Million |
| Allurion Technologies, Inc. (ALUR) | $-70.49 Million | 0.00% | 0.00x | $7.70 Million |
| Autonomix Medical, Inc. Common Stock (AMIX) | $8.10 Million | -140.88% | 0.21x | $4.44 Million |
| Artivion Inc (AORT) | $17.90 Million | 7.26% | 0.20x | $1.03 Billion |
| Apyx Medical Inc (APYX) | $22.89 Million | 2.69% | 0.23x | $176.29 Million |
About Modular Medical Inc
Modular Medical, Inc. operates as a medical device company. The company focuses on the design, development, and commercialization of insulin pumps. It also offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. Modular Medical, Inc. is headquartered in San Diego, California.