CODX Debt Ratio from 2010 to 2024

CODX Stock

USD 0.73 0.03 3.95%

Co Diagnostics Debt Ratio yearly trend continues to be fairly stable with very little volatility. Debt Ratio will likely drop to 0.01 in 2024. During the period from 2010 to 2024, Co Diagnostics Debt Ratio regression line of annual values had r-squared of 0.84 and arithmetic mean of 1.43. View All Fundamentals

Debt Ratio

First Reported

2010-12-31

Previous Quarter

0.00879544

Current Value

0.008356

Quarterly Volatility

1.303334

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Check Co Diagnostics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Co Diagnostics' main balance sheet or income statement drivers, such as Interest Expense of 18 M, Selling General Administrative of 15 M or Total Revenue of 6.5 M, as well as many indicators such as Price To Sales Ratio of 5.44, Dividend Yield of 0.0 or PTB Ratio of 0.43. CODX financial statements analysis is a perfect complement when working with Co Diagnostics Valuation or Volatility modules.

Check out the analysis of Co Diagnostics Correlation against competitors.

For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide.

Latest Co Diagnostics' Debt Ratio Growth Pattern

Below is the plot of the Debt Ratio of Co Diagnostics over the last few years. It is Co Diagnostics' Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Co Diagnostics' overall financial position and show how it may be relating to other accounts over time.

Debt Ratio

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Debt Ratio

Timeline

CODX Debt Ratio Regression Statistics

	Arithmetic Mean	1.43
	Geometric Mean	0.17
	Coefficient Of Variation	91.08
	Mean Deviation	1.20
	Median	1.23
	Standard Deviation	1.30
	Sample Variance	1.70
	Range	2.7246
	R-Value	(0.92)
	Mean Square Error	0.29
	R-Squared	0.84
	Slope	(0.27)
	Total Sum of Squares	23.78

CODX Debt Ratio History

	2024	0.008356
	2023	0.008795
	2019	0.002415
	2017	1.23
	2016	2.62

Other Fundumenentals of Co Diagnostics

Cash Flow To Debt Ratio

Co Diagnostics Debt Ratio component correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Capital Surpluse	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Net Debt	Net Receivables	Long Term Debt Total	Short Long Term Debt	Short Term Debt	Current Deferred Revenue	Deferred Long Term Liab	Net Invested Capital	Long Term Investments	Net Working Capital	Capital Stock
Total Assets		1.0	0.89	0.89	0.69	0.84	0.9	0.99	-0.24	0.81	-0.86	0.79	-0.54	0.43	0.42	0.72	0.48	0.99	0.42	0.98	0.93
Total Stockholder Equity	1.0		0.89	0.89	0.7	0.84	0.87	0.99	-0.23	0.82	-0.84	0.77	-0.54	0.42	0.4	0.75	0.47	0.99	0.45	0.99	0.94
Net Tangible Assets	0.89	0.89		0.71	0.93	0.98	0.73	0.88	-0.28	0.97	-0.66	0.55	-0.71	0.47	0.34	0.94	0.43	0.93	0.57	0.91	0.98
Retained Earnings	0.89	0.89	0.71		0.48	0.59	0.82	0.9	0.02	0.6	-0.84	0.82	-0.19	0.14	0.23	0.53	0.22	0.89	0.24	0.91	0.73
Accounts Payable	0.69	0.7	0.93	0.48		0.94	0.5	0.67	-0.23	0.97	-0.37	0.23	-0.71	0.41	0.12	0.96	0.27	0.75	0.52	0.72	0.87
Capital Surpluse	0.84	0.84	0.98	0.59	0.94		0.68	0.82	-0.38	0.98	-0.57	0.44	-0.8	0.55	0.35	0.93	0.48	0.88	0.53	0.85	0.96
Total Liab	0.9	0.87	0.73	0.82	0.5	0.68		0.87	-0.29	0.64	-0.9	0.84	-0.48	0.45	0.5	0.47	0.49	0.87	0.14	0.85	0.75
Total Current Assets	0.99	0.99	0.88	0.9	0.67	0.82	0.87		-0.25	0.78	-0.88	0.82	-0.53	0.44	0.46	0.73	0.51	0.99	0.5	0.99	0.93
Common Stock	-0.24	-0.23	-0.28	0.02	-0.23	-0.38	-0.29	-0.25		-0.3	0.21	-0.17	0.72	-0.78	-0.51	-0.27	-0.49	-0.24	-0.31	-0.24	-0.3
Property Plant Equipment	0.81	0.82	0.97	0.6	0.97	0.98	0.64	0.78	-0.3		-0.5	0.36	-0.74	0.48	0.2	0.94	0.33	0.86	0.46	0.82	0.94
Net Debt	-0.86	-0.84	-0.66	-0.84	-0.37	-0.57	-0.9	-0.88	0.21	-0.5		-0.98	0.36	-0.32	-0.65	-0.42	-0.59	-0.83	-0.34	-0.85	-0.7
Net Receivables	0.79	0.77	0.55	0.82	0.23	0.44	0.84	0.82	-0.17	0.36	-0.98		-0.24	0.26	0.65	0.31	0.58	0.75	0.35	0.79	0.6
Long Term Debt Total	-0.54	-0.54	-0.71	-0.19	-0.71	-0.8	-0.48	-0.53	0.72	-0.74	0.36	-0.24		-0.89	-0.54	-0.71	-0.57	-0.56	-0.52	-0.54	-0.69
Short Long Term Debt	0.43	0.42	0.47	0.14	0.41	0.55	0.45	0.44	-0.78	0.48	-0.32	0.26	-0.89		0.59	0.45	0.5	0.43	0.4	0.42	0.5
Short Term Debt	0.42	0.4	0.34	0.23	0.12	0.35	0.5	0.46	-0.51	0.2	-0.65	0.65	-0.54	0.59		0.2	0.82	0.39	0.49	0.42	0.41
Current Deferred Revenue	0.72	0.75	0.94	0.53	0.96	0.93	0.47	0.73	-0.27	0.94	-0.42	0.31	-0.71	0.45	0.2		0.32	0.79	0.69	0.78	0.91
Deferred Long Term Liab	0.48	0.47	0.43	0.22	0.27	0.48	0.49	0.51	-0.49	0.33	-0.59	0.58	-0.57	0.5	0.82	0.32		0.46	0.57	0.47	0.49
Net Invested Capital	0.99	0.99	0.93	0.89	0.75	0.88	0.87	0.99	-0.24	0.86	-0.83	0.75	-0.56	0.43	0.39	0.79	0.46		0.45	0.99	0.95
Long Term Investments	0.42	0.45	0.57	0.24	0.52	0.53	0.14	0.5	-0.31	0.46	-0.34	0.35	-0.52	0.4	0.49	0.69	0.57	0.45		0.51	0.6
Net Working Capital	0.98	0.99	0.91	0.91	0.72	0.85	0.85	0.99	-0.24	0.82	-0.85	0.79	-0.54	0.42	0.42	0.78	0.47	0.99	0.51		0.94
Capital Stock	0.93	0.94	0.98	0.73	0.87	0.96	0.75	0.93	-0.3	0.94	-0.7	0.6	-0.69	0.5	0.41	0.91	0.49	0.95	0.6	0.94

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About Co Diagnostics Financial Statements

Co Diagnostics investors use historical fundamental indicators, such as Co Diagnostics' Debt Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Co Diagnostics. Please read more on our technical analysis and fundamental analysis pages.

	Last Reported	Projected for Next Year
Debt Ratio	0.01	0.01
Cash Flow To Debt Ratio	(26.34)	(25.02)

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Additional Tools for CODX Stock Analysis

When running Co Diagnostics' price analysis, check to measure Co Diagnostics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Co Diagnostics is operating at the current time. Most of Co Diagnostics' value examination focuses on studying past and present price action to predict the probability of Co Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Co Diagnostics' price. Additionally, you may evaluate how the addition of Co Diagnostics to your portfolios can decrease your overall portfolio volatility.

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CODX Debt Ratio from 2010 to 2024

Latest Co Diagnostics' Debt Ratio Growth Pattern

CODX Debt Ratio Regression Statistics

CODX Debt Ratio History

Other Fundumenentals of Co Diagnostics

Co Diagnostics Debt Ratio component correlations

About Co Diagnostics Financial Statements

Also Currently Popular

Additional Tools for CODX Stock Analysis

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