Modular Medical, Inc. (MODD) Balance Sheet
MODD balance sheet, FY2026
March 31, 2026 · U.S. dollars$14.8M assets = $1.9M liabilities + $13.0M equity
Both columns are drawn to the same scale: what MODD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MODD financial health
Descriptive bands, not a rating. Fiscal FY2026.
MODD balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.4MFY2017 | $14.8MFY2026 | +30.3%/yr | |
| Total liabilities | $74,420FY2017 | $1.9MFY2026 | +43.1%/yr | |
| Shareholders’ equity | $1.3MFY2017 | $13.0MFY2026 | +29.1%/yr | |
| Cash & short-term investments | $1.4MFY2017 | $6.9MFY2026 | +19.7%/yr | |
| Total debt | $516FY2018 | $393,000FY2026 | +129.2%/yr | |
| Net cash (debt) | $4.3MFY2018 | $6.5MFY2026 | +$2.3M | |
| Working capital | $1.3MFY2017 | $5.7MFY2026 | +$4.4M | |
| Book value per share | $0.37FY2017 | $5.67FY2026 | +35.4%/yr | |
| Current ratio | 18.44FY2017 | 4.03FY2026 | −14.41 | |
| Debt / equity | 0.00FY2018 | 0.03FY2026 | +0.03 | |
| Shares outstanding | 3.5MFY2017 | 2.3MFY2026 | −4.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MODD assets
MODD liabilities and equity
MODD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MODD balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.9M | $13.1M | $9.2M | $3.8M | $9.1M | $1.5M | $3.1M | $6.6M | $4.3M | $1.4M |
| Cash & equivalents | $6.9M | $13.1M | $9.2M | $3.8M | $9.1M | $1.5M | $3.1M | $6.6M | $4.3M | $1.4M |
| Receivables | $17,000 | $70,000 | $147,000 | $5,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $95,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $583,000 | $352,000 | $318,000 | $146,866 | $313,422 | $180,624 | $64,159 | $15,590 | $16,804 | $0 |
| Total current assets | $7.5M | $13.5M | $9.7M | $4.0M | $9.4M | $1.6M | $3.2M | $6.6M | $4.3M | $1.4M |
| Property, plant & equipment (net) | $7.2M | $5.2M | $4.1M | $3.2M | $356,652 | $499,082 | $572,258 | $75,948 | $13,259 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$179,640 | $213 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $61,000 | $0 | $0 | $0 | $100,000 | $100,000 | $100,000 | $187,320 | $7,500 | $0 |
| Total assets | $14.8M | $18.7M | $13.8M | $7.2M | $9.8M | $2.2M | $3.9M | $6.7M | $4.3M | $1.4M |
| Liabilities | ||||||||||
| Accounts payable | $992,000 | $338,000 | $802,000 | $285,000 | $299,951 | $169,284 | $367,019 | $138,314 | $14,955 | — |
| Short-term debt | $393,000 | $423,000 | $373,000 | $355,000 | $144,857 | $2.6M | $92,214 | — | — | — |
| Deferred revenue | — | — | — | −$338.4M | — | — | — | — | −$516 | — |
| Total current liabilities | $1.9M | $1.3M | $1.5M | $979,000 | $969,699 | $3.3M | $661,393 | $178,929 | $15,471 | $74,420 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $393,000 | $816,000 | $1.2M | $1.5M | $184,814 | $309,855 | $270,950 | — | — | — |
| Other long-term liabilities | $0 | $393,000 | $817,000 | $1.2M | $39,957 | $226,355 | $318,736 | $0 | $0 | $0 |
| Total liabilities | $1.9M | $1.7M | $2.3M | $2.2M | $1.0M | $3.5M | $980,129 | $178,929 | $15,471 | $74,420 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5,000 | $54,000 | $32,000 | $10,949 | $10,462 | $6,302 | $17,870 | $17,840 | $15,983 | $3,500 |
| Retained earnings (deficit) | −$113.0M | −$84.8M | −$65.9M | −$48.5M | −$34.6M | −$15.9M | −$8.6M | −$3.2M | −$708,663 | −$384,400 |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | $923,994 | $19,800 | $0 | — |
| Total shareholders' equity | $13.0M | $17.1M | $11.5M | $5.1M | $8.8M | −$1.3M | $2.9M | $6.5M | $4.3M | $1.3M |
| Key figures | ||||||||||
| Total debt | $393,000 | $816,000 | $1.2M | $1.5M | $184,814 | $2.8M | $270,950 | — | $516 | — |
| Net cash (debt) | $6.5M | $12.3M | $8.0M | $2.3M | $8.9M | −$1.3M | $2.9M | — | $4.3M | — |
| Working capital | $5.7M | $12.3M | $8.2M | $3.1M | $8.4M | −$1.6M | $2.5M | $6.4M | $4.3M | $1.3M |
| Tangible book value | $13.0M | $17.1M | $11.5M | $5.1M | $8.8M | −$1.3M | $2.9M | $6.7M | $4.3M | $1.3M |
| Book value per share | $5.67 | — | — | — | — | — | — | — | — | $0.37 |
| Shares outstanding | 2.3M | — | — | — | — | — | — | — | — | 3.5M |
| Current ratio | 4.03 | 10.69 | 6.66 | 4.13 | 9.68 | 0.50 | 4.82 | 36.71 | 278.81 | 18.44 |
| Quick ratio | 3.72 | 10.41 | 6.45 | 3.89 | 9.36 | 0.45 | 4.72 | 36.63 | 277.72 | 18.44 |
| Debt / equity | 0.03 | 0.05 | 0.10 | 0.30 | 0.02 | — | 0.09 | — | 0.00 | — |
| Equity / assets | 87.4% | 91.2% | 83.5% | 70.1% | 89.7% | −56.7% | 74.6% | 97.3% | 99.6% | 94.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.9M | $6.9M | $2.9M | $5.3M | $7.5M | $13.1M | $7.0M | $3.9M | $5.1M | $9.2M | $2.0M | $6.3M |
| Cash & equivalents | $3.9M | $6.9M | $2.9M | $5.3M | $7.5M | $13.1M | $7.0M | $3.9M | $5.1M | $9.2M | $2.0M | $6.3M |
| Receivables | $239,000 | $17,000 | $13,000 | $25,000 | $77,000 | $70,000 | $0 | $142,000 | $142,000 | $147,000 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $686,000 | $583,000 | $516,000 | $606,000 | $693,000 | $352,000 | $345,000 | $141,000 | $213,000 | $318,000 | $295,000 | $133,000 |
| Total current assets | $4.8M | $7.5M | $3.5M | $5.9M | $8.3M | $13.5M | $7.3M | $4.2M | $5.4M | $9.7M | $2.3M | $6.5M |
| Property, plant & equipment (net) | $7.3M | $7.2M | $6.8M | $7.0M | $5.9M | $5.2M | $4.8M | $4.6M | $4.7M | $4.1M | $3.9M | $3.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $61,000 | $61,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $12.3M | $14.8M | $10.3M | $13.0M | $14.2M | $18.7M | $12.1M | $8.8M | $10.1M | $13.8M | $6.2M | $10.1M |
| Liabilities | ||||||||||||
| Accounts payable | $604,000 | $992,000 | $1.0M | $2.9M | $1.1M | $338,000 | $522,000 | $501,000 | $461,000 | $802,000 | $704,000 | $546,000 |
| Short-term debt | $278,000 | $393,000 | $464,000 | $450,000 | $437,000 | $423,000 | $410,000 | $398,000 | $386,000 | $373,000 | $362,000 | $350,000 |
| Total current liabilities | $1.5M | $1.9M | $2.2M | $4.0M | $2.0M | $1.3M | $1.4M | $1.2M | $1.3M | $1.5M | $1.4M | $1.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $278,000 | $393,000 | $504,000 | $611,000 | $715,000 | $816,000 | $914,000 | $1.0M | $1.1M | $1.2M | $1.3M | $1.4M |
| Other long-term liabilities | $0 | $0 | $2.2M | $161,000 | $278,000 | $393,000 | $504,000 | $611,000 | $714,000 | $817,000 | $915,000 | $1.0M |
| Total liabilities | $1.5M | $1.9M | $4.4M | $4.2M | $2.3M | $1.7M | $1.9M | $1.9M | $2.1M | $2.3M | $2.4M | $2.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6,000 | $5,000 | $84,000 | $499,000 | $55,000 | $54,000 | $41,000 | $34,000 | $32,000 | $32,000 | $21,000 | $21,000 |
| Retained earnings (deficit) | −$119.5M | −$113.0M | −$106.6M | −$99.2M | −$91.5M | −$84.8M | −$79.8M | −$75.0M | −$70.1M | −$65.9M | −$61.6M | −$56.4M |
| Accumulated other comprehensive income | $128,000 | — | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $10.8M | $13.0M | $5.9M | $8.8M | $11.8M | $17.1M | $10.3M | $6.9M | $8.0M | $11.5M | $3.8M | $7.9M |
| Key figures | ||||||||||||
| Total debt | $278,000 | $393,000 | $504,000 | $611,000 | $715,000 | $816,000 | $914,000 | $1.0M | $1.1M | $1.2M | $1.3M | $1.4M |
| Net cash (debt) | $3.6M | $6.5M | $2.4M | $4.7M | $6.8M | $12.3M | $6.1M | $2.9M | $4.0M | $8.0M | $770,000 | $5.0M |
| Working capital | $3.4M | $5.7M | $1.3M | $1.9M | $6.2M | $12.3M | $5.9M | $2.9M | $4.1M | $8.2M | $903,000 | $5.4M |
| Tangible book value | $10.8M | $13.0M | $5.9M | $8.8M | $11.8M | $17.1M | $10.3M | $6.9M | $8.0M | $11.5M | $3.8M | $7.9M |
| Book value per share | $1.97 | $2.78 | $2.68 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 5.5M | 4.7M | 2.2M | — | — | — | — | — | — | — | — | — |
| Current ratio | 3.25 | 4.03 | 1.59 | 1.47 | 4.04 | 10.69 | 5.30 | 3.36 | 4.03 | 6.66 | 1.63 | 5.81 |
| Quick ratio | 2.79 | 3.72 | 1.35 | 1.32 | 3.71 | 10.41 | 5.05 | 3.24 | 3.87 | 6.45 | 1.42 | 5.69 |
| Debt / equity | 0.03 | 0.03 | 0.09 | 0.07 | 0.06 | 0.05 | 0.09 | 0.15 | 0.14 | 0.10 | 0.33 | 0.17 |
| Equity / assets | 87.8% | 87.4% | 57.3% | 67.6% | 83.6% | 91.2% | 84.5% | 78.9% | 79.6% | 83.5% | 62.0% | 78.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 29, 2026); data from EODHD.
MODD financial position
At the end of fiscal 2026 (March 31, 2026), Modular Medical had total assets of $14.8 million (down 20.8% from a year earlier), total liabilities of $1.9 million and shareholders' equity of $13.0 million. It held $6.9 million in cash and short-term investments against $0.4 million of debt, a net cash position of $6.5 million. Its current ratio was 4.03. In the latest quarter (ended June 30, 2026) total assets were $12.3 million and equity $10.8 million.
Related: MODD income statement, MODD cash flow statement, MODD key metrics. See the MODD stock overview for the latest quote and news.
MODD balance sheet FAQ
What are Modular Medical's total assets?
Modular Medical reported total assets of $14.8 million at the end of fiscal 2026 (March 31, 2026), compared with $18.7 million a year earlier.
How much debt does Modular Medical have?
Modular Medical had $0.4 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.
How much cash does Modular Medical have?
Modular Medical held $6.9 million in cash and short-term investments at the end of fiscal 2026; with $0.4 million of debt that is net cash of $6.5 million.
What is Modular Medical's book value?
Modular Medical's shareholders' equity (book value) was $13.0 million at the end of fiscal 2026, or $5.67 per share.
What is Modular Medical's current ratio?
Modular Medical had current assets of $7.5 million and current liabilities of $1.9 million, a current ratio of 4.03 (it can cover its short-term obligations).