Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Modular Medical's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3.85 Mil. Modular Medical's Total Assets for the quarter that ended in Dec. 2023 was $6.20 Mil.
The historical rank and industry rank for Modular Medical's Equity-to-Asset or its related term are showing as below:
MODD'
s Equity-to-Asset Range Over the Past 10 Years
Min: -174 Med: 0.85 Max: 1
Current: 0.62
During the past 13 years, the highest Equity to Asset Ratio of Modular Medical was 1.00. The lowest was -174.00. And the median was 0.85.
MODD's Equity-to-Asset is ranked worse than 53.39% of 869
companies
in the Medical Devices & Instruments industry
Industry Median: 0.65
vs MODD: 0.62
Modular Medical Equity-to-Asset Historical Data
The historical data trend for Modular Medical's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Modular Medical's Equity-to-Asset
For the Medical Devices subindustry, Modular Medical's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Modular Medical's Equity-to-Asset Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Modular Medical's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Modular Medical's Equity-to-Asset falls into.
Modular Medical Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Modular Medical's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Modular Medical (NAS:MODD) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Modular Medical Equity-to-Asset Related Terms
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Modular Medical (Modular Medical) Business Description
Modular Medical Inc is a development stage medical device company which focuses on the design, development, and commercialization of an insulin pump using modernized technology to increase pump adoption in the diabetes marketplace. The company's product's seeks to serve both the type 1 and the rapidly growing especially in terms of device adoption, type 2 diabetes markets.
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