Modular MedicalMODD -0.65%21 Quick Ratio is 4.03 as of Mar. 2026, which is 51% below its 10-year median of 8.17. GuruFocus rates MODD with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 854 Medical Devices & Instruments companies, Modular Medical ranks better than 77.4% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Modular Medical's quick ratio for the quarter that ended in Mar. 2026 was 4.03.
Modular Medical has a quick ratio of 4.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Modular Medical's Quick Ratio or its related term are showing as below:
MODD'
s Quick Ratio Range Over the Past 10 Years
Min: 0.5 Med: 8.17 Max: 287.53
Current: 4.03
During the past 13 years, Modular Medical's highest Quick Ratio was 287.53. The lowest was 0.50. And the median was 8.17.
MODD's Quick Ratio is ranked better than 77.4% of 854
companies
in the Medical Devices & Instruments industry
Industry Median: 1.885
vs MODD: 4.03
Modular Medical (NAS:MODD) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Modular Medical Quick Ratio Related Terms
Modular Medical Quick Ratio Historical Data
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The historical data trend for Modular Medical's Quick Ratio 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.
For the Medical Devices subindustry, Modular Medical's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Modular Medical's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Modular Medical's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Modular Medical's Quick Ratio for the fiscal year that ended in Mar. 2026 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 (MODD) has a Quick Ratio of 4.03 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Modular Medical and its competitors. This is 51% below median its historical median of 8.17. Over the past decade, Modular Medical's Quick Ratio has ranged from 0.50 to 287.53. According to the industry distribution chart, Modular Medical ranks #193 out of 854 companies in the Medical Devices & Instruments industry, placing it in the top 22.6%.
Is Modular Medical's Quick Ratio too high?
Modular Medical's current Quick Ratio of 4.03 is 51% below median its 10-year median of 8.17. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 287.53. The Medical Devices & Instruments industry median Quick Ratio is 1.89. Modular Medical's value of 4.03 is 113.8% above this industry median. Based on the distribution chart, Modular Medical ranks #193 out of 854 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Modular Medical has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Modular Medical's Quick Ratio compare to TANAF and CTSO?
According to the Medical Devices & Instruments industry distribution chart, Modular Medical ranks #193 out of 854 companies for Quick Ratio. This places Modular Medical in the top 23% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.89. Modular Medical's value of 4.03 is 113.8% above this benchmark. Historically, Modular Medical's own Quick Ratio has ranged from 0.50 to 287.53 over the past decade. While the company's 10-year median is 8.17 vs. the industry median of 1.89, Modular Medical has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Medical Devices & Instruments company?
The median Quick Ratio among Medical Devices & Instruments companies is 1.89, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Modular Medical's current Quick Ratio of 4.03 is 113.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Modular Medical and its competitors. For the Medical Devices & Instruments industry, the median Quick Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modular Medical's current Quick Ratio is 4.03, which is 51% below median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modular Medical stock overvalued right now?
Modular Medical (MODD) has a current Quick Ratio of 4.03. The current Quick Ratio is 4.03, which is 51% below median its 10-year median of 8.17 and 113.8% above the Medical Devices & Instruments industry median of 1.89. Modular Medical's overall GF Score™ is 21/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Modular Medical (MODD), the current Quick Ratio is 4.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Modular Medical Inc is a development stage medical device company which focuses on the design, development, and commercialization of insulin pumps using modernized technology to increase pump adoption in the diabetes marketplace. The company's products seek to serve both the type 1 and the rapidly growing, especially in terms of device adoption, type 2 diabetes markets.
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