CODX Net Tangible Assets vs Other Assets 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 Net Tangible Assets and its Other Assets 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.

Net Tangible Assets vs Other Assets

JavaScript chart by amCharts 3.21.1520162018202020222024-10M010M20M30M40M50M60M70M80M90M100M110M 50K100K150K200K250K300K350K400K450K500K550K
JavaScript chart by amCharts 3.21.15Net Tangible Assetstotal: 542.2MOther Assetstotal: 1.9M

Net Tangible Assets vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Co Diagnostics Net Tangible Assets account and Other Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
Net Tangible AssetsOther AssetsDiversified AwayNet Tangible AssetsOther AssetsDiversified Away100%
The correlation between Co Diagnostics' Net Tangible Assets and Other Assets is -0.26. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Other Assets 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' Net Tangible Assets and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Co Diagnostics are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Net Tangible Assets i.e., Co Diagnostics' Net Tangible Assets and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.26
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Other Assets

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

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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.