Model N, Inc.

Model N, Inc.verified

MODN

Price:

$30

Market Cap:

$1.18B

Model N, Inc. provides cloud revenue management solutions for life sciences and high-tech companies. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates fo...[Read more]

Industry

Software - Application

IPO Date

2013-03-20

Stock Exchange

NYSE

Ticker

MODN

The Current Ratio as of September 2024 (TTM) for Model N, Inc. (MODN) is 3.82

According to Model N, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.82. This represents a change of -4.83% compared to the average of 4.01 of the last 4 quarters.

Model N, Inc. (MODN) Historical Current Ratio (quarterly & annually)

How has MODN Current Ratio performed in the past?

The mean historical Current Ratio of Model N, Inc. over the last ten years is 2.41. The current 3.82 Current Ratio has changed 15.78% with respect to the historical average. Over the past ten years (40 quarters), MODN's Current Ratio was at its highest in in the June 2023 quarter at 4.13. The Current Ratio was at its lowest in in the September 2017 quarter at 1.13.

Quarterly (TTM)
Annual

Average

2.41

Median

2.38

Minimum

1.13

Maximum

4.11

Model N, Inc. (MODN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Model N, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 156.18%

Maximum Annual Current Ratio = 4.11

Minimum Annual Increase = -46.04%

Minimum Annual Current Ratio = 1.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.1167.91%
20222.456.12%
20212.30-27.35%
20203.17156.18%
20191.240.96%
20181.238.34%
20171.13-46.04%
20162.10-31.65%
20153.07-5.73%
20143.26-3.25%

Model N, Inc. (MODN) Average Current Ratio

How has MODN Current Ratio performed in the past?

The current Current Ratio of Model N, Inc. (MODN) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.95

5-year avg

2.65

10-year avg

2.41

Model N, Inc. (MODN) Current Ratio vs. Peers

How is MODN’s Current Ratio compared to its peers?

Model N, Inc.’s Current Ratio is less than Enfusion, Inc. (4.15), greater than ON24, Inc. (2.62), greater than Paycor HCM, Inc. (1.06), greater than PowerSchool Holdings, Inc. (0.27), greater than Progress Software Corporation (1.12), greater than ePlus inc. (1.92), greater than Envestnet, Inc. (1.14), greater than American Software, Inc. (1.99), greater than MeridianLink, Inc. (1.98), less than CoreCard Corporation (5.08), greater than Momentive Global Inc. (0.90), greater than MiX Telematics Limited (1.22), less than Clearwater Analytics Holdings, Inc. (4.73), greater than Expensify, Inc. (2.20),

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