CODX Common Stock Total Equity vs Total Current Liabilities Analysis

CODX Stock  USD 1.00  0.22  28.21%   
Co Diagnostics financial indicator trend analysis is way more than just evaluating Co Diagnostics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Co Diagnostics is a good investment. Please check the relationship between Co Diagnostics Common Stock Total Equity and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Co Diagnostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide.

Common Stock Total Equity vs Total Current Liabilities

JavaScript chart by amCharts 3.21.152016201820202022202410K12K14K16K18K20K22K24K26K28K30K32K34K36K38K 1M10M100M
JavaScript chart by amCharts 3.21.15Common Stock Total Equitytotal: 266KTotal Current Liabilitiestotal: 45.5M

Common Stock Total Equity vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Co Diagnostics Common Stock Total Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
Common Stock Total EquityTotal Current LiabilitiesDiversified AwayCommon Stock Total EquityTotal Current LiabilitiesDiversified Away100%
The correlation between Co Diagnostics' Common Stock Total Equity and Total Current Liabilities is 0.79. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Co Diagnostics, assuming nothing else is changed. The correlation between historical values of Co Diagnostics' Common Stock Total Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Co Diagnostics are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock Total Equity i.e., Co Diagnostics' Common Stock Total Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.79
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Total Current Liabilities

Total Current Liabilities is an item on Co Diagnostics balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Co Diagnostics are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Co Diagnostics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Co Diagnostics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Co Diagnostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide.Selling General Administrative is likely to rise to about 17.2 M in 2025, despite the fact that Tax Provision is likely to grow to (8.3 M).

Co Diagnostics fundamental ratios Correlations

0.861.00.970.810.810.81.00.940.870.95-0.290.920.060.780.76-0.760.950.01-0.270.640.910.92-0.660.820.9
0.860.840.770.740.570.890.830.730.980.87-0.390.690.170.920.53-0.850.81-0.11-0.160.770.790.78-0.60.890.84
1.00.840.980.80.830.781.00.950.840.95-0.280.930.050.750.77-0.740.950.04-0.260.620.920.93-0.660.80.89
0.970.770.980.680.920.680.980.980.750.9-0.290.970.170.660.87-0.620.940.08-0.260.490.920.94-0.710.680.9
0.810.740.80.680.40.850.80.570.80.870.020.57-0.30.780.3-0.840.670.14-0.320.820.650.68-0.190.830.59
0.810.570.830.920.40.360.830.930.520.67-0.250.960.430.390.99-0.290.870.03-0.340.130.80.8-0.690.440.8
0.80.890.780.680.850.360.770.590.90.86-0.220.52-0.260.970.29-1.00.660.010.00.960.670.69-0.40.860.75
1.00.831.00.980.80.830.770.950.840.95-0.290.930.060.740.77-0.730.940.06-0.260.620.920.94-0.660.790.88
0.940.730.950.980.570.930.590.950.710.84-0.380.990.230.580.9-0.530.94-0.01-0.220.380.910.92-0.790.640.89
0.870.980.840.750.80.520.90.840.710.88-0.310.680.050.940.49-0.870.84-0.22-0.230.780.760.75-0.510.970.83
0.950.870.950.90.870.670.860.950.840.88-0.270.81-0.060.80.59-0.840.840.13-0.160.760.930.94-0.560.820.81
-0.29-0.39-0.28-0.290.02-0.25-0.22-0.29-0.38-0.31-0.27-0.31-0.31-0.2-0.250.2-0.26-0.04-0.19-0.16-0.34-0.320.72-0.14-0.36
0.920.690.930.970.570.960.520.930.990.680.81-0.310.30.520.94-0.450.95-0.01-0.350.30.880.89-0.730.620.86
0.060.170.050.17-0.30.43-0.260.060.230.05-0.06-0.310.3-0.110.510.330.23-0.11-0.41-0.440.140.09-0.44-0.090.25
0.780.920.750.660.780.390.970.740.580.940.8-0.20.52-0.110.34-0.950.7-0.17-0.090.90.640.65-0.40.90.79
0.760.530.770.870.30.990.290.770.90.490.59-0.250.940.510.34-0.210.86-0.09-0.380.030.750.74-0.70.420.79
-0.76-0.85-0.74-0.62-0.84-0.29-1.0-0.73-0.53-0.87-0.840.2-0.450.33-0.95-0.21-0.6-0.02-0.03-0.98-0.63-0.660.34-0.85-0.69
0.950.810.950.940.670.870.660.940.940.840.84-0.260.950.230.70.86-0.6-0.22-0.410.450.850.84-0.650.820.92
0.01-0.110.040.080.140.030.010.06-0.01-0.220.13-0.04-0.01-0.11-0.17-0.09-0.02-0.220.270.110.080.13-0.01-0.33-0.19
-0.27-0.16-0.26-0.26-0.32-0.340.0-0.26-0.22-0.23-0.16-0.19-0.35-0.41-0.09-0.38-0.03-0.410.270.14-0.11-0.09-0.03-0.32-0.3
0.640.770.620.490.820.130.960.620.380.780.76-0.160.3-0.440.90.03-0.980.450.110.140.520.56-0.230.760.54
0.910.790.920.920.650.80.670.920.910.760.93-0.340.880.140.640.75-0.630.850.08-0.110.520.99-0.670.670.82
0.920.780.930.940.680.80.690.940.920.750.94-0.320.890.090.650.74-0.660.840.13-0.090.560.99-0.660.660.8
-0.66-0.6-0.66-0.71-0.19-0.69-0.4-0.66-0.79-0.51-0.560.72-0.73-0.44-0.4-0.70.34-0.65-0.01-0.03-0.23-0.67-0.66-0.36-0.73
0.820.890.80.680.830.440.860.790.640.970.82-0.140.62-0.090.90.42-0.850.82-0.33-0.320.760.670.66-0.360.77
0.90.840.890.90.590.80.750.880.890.830.81-0.360.860.250.790.79-0.690.92-0.19-0.30.540.820.8-0.730.77
Click cells to compare fundamentals

Co Diagnostics Account Relationship Matchups

Co Diagnostics fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets71.2M160.0M123.1M95.3M109.6M115.1M
Total Current Liabilities4.5M12.6M3.9M5.7M6.6M3.8M
Total Stockholder Equity66.7M134.5M114.5M86.0M98.9M103.9M
Net Tangible Assets1.7M66.7M92.6M87.8M100.9M106.0M
Retained Earnings17.5M54.2M39.9M4.6M5.3M5.5M
Accounts Payable598.3K607.5K952.3K1.5M1.7M1.8M
Cash43.0M88.6M23.0M14.9M17.2M19.4M
Cash And Short Term Investments47.3M89.9M81.3M58.5M67.3M70.7M
Capital Surpluse26.7M49.2M80.3M88.5M101.7M106.8M
Total Liab4.5M25.6M8.6M9.3M10.7M6.4M
Total Current Assets68.4M115.1M92.7M62.1M71.5M38.2M
Common Stock28.6K33.8K34.8K36.1K32.5K22.9K
Property Plant Equipment196.8K949.6K1.9M2.5M2.9M3.1M
Other Current Liab3.4M9.6M1.1M2.4M2.8M2.3M
Property Plant And Equipment Net949.6K1.9M2.9M6.0M6.9M7.2M
Net Debt(43.0M)(88.6M)(22.6M)(11.9M)(10.7M)(11.3M)
Non Current Assets Total2.9M44.9M30.4M33.2M38.2M40.1M
Non Currrent Assets Other1.4M(484.9K)672.7K(1.0)(1.15)(1.09)
Net Receivables12.1M20.9M5.4M330.9K380.5K361.5K
Common Stock Total Equity17.3K28.6K33.8K34.8K40.0K21.9K
Common Stock Shares Outstanding28.0M29.9M31.5M29.3M33.7M22.2M
Liabilities And Stockholders Equity71.2M160.0M123.1M95.3M109.6M56.2M
Non Current Liabilities Total30K13.0M4.7M3.6M4.1M2.8M
Other Current Assets916.3K2.3M761.2K1.6M1.8M1.9M
Other Stockholder Equity49.2M80.3M74.3M81.2M93.4M98.1M
Property Plant And Equipment Gross949.6K2.6M4.3M8.2M9.5M9.9M
Other Liab150K30K13.0M4.6M5.3M3.3M
Retained Earnings Total Equity(25.0M)17.5M54.2M39.9M45.9M48.2M
Inventory8.0M2.0M5.3M1.7M1.9M2.7M
Net Invested Capital66.7M134.5M114.5M86.0M98.9M64.1M
Long Term Investments1.9M75K672.7K773.4K889.4K671.4K
Net Working Capital63.8M102.5M88.9M56.4M64.9M49.6M

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