CODX Non Current Assets Total vs Other Current Liab Analysis

CODX Stock  USD 0.73  0.00  0.000003%   
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 Non Current Assets Total and its Other Current Liab 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.

Non Current Assets Total vs Other Current Liab

Non Current Assets Total vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Co Diagnostics Non Current Assets Total account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Co Diagnostics' Non Current Assets Total and Other Current Liab is 0.69. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Current Liab 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' Non Current Assets Total and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Co Diagnostics are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Current Assets Total i.e., Co Diagnostics' Non Current Assets Total and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Other Current Liab

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 15 M in 2024, despite the fact that Tax Provision is likely to grow to (9.3 M).

Co Diagnostics fundamental ratios Correlations

0.881.00.890.890.690.871.00.840.90.99-0.240.81-0.20.790.6-0.860.890.07-0.170.790.930.94-0.540.860.88
0.880.850.740.770.530.910.840.690.980.86-0.380.650.030.920.48-0.90.81-0.09-0.110.840.760.76-0.570.890.89
1.00.850.890.890.70.851.00.840.870.99-0.230.82-0.210.760.61-0.840.880.1-0.170.770.940.95-0.540.830.86
0.890.740.890.710.930.70.890.980.730.88-0.280.970.010.610.88-0.660.920.11-0.210.550.910.93-0.710.660.8
0.890.770.890.710.480.850.890.590.820.90.020.6-0.360.780.37-0.840.740.14-0.320.820.690.75-0.190.840.69
0.690.530.70.930.480.420.70.940.50.67-0.230.970.230.340.98-0.370.830.11-0.280.230.790.78-0.710.440.62
0.870.910.850.70.850.420.840.610.920.88-0.220.54-0.330.980.33-1.00.720.010.010.970.70.76-0.390.870.86
1.00.841.00.890.890.70.840.850.860.99-0.250.82-0.20.740.62-0.830.880.13-0.170.760.940.96-0.550.820.85
0.840.690.840.980.590.940.610.850.680.82-0.380.980.070.520.91-0.570.920.02-0.170.440.90.9-0.80.620.77
0.90.980.870.730.820.50.920.860.680.87-0.290.64-0.080.930.46-0.90.85-0.2-0.20.840.740.74-0.480.970.89
0.990.860.990.880.90.670.880.990.820.87-0.250.78-0.250.790.57-0.880.850.16-0.110.820.920.95-0.530.820.85
-0.24-0.38-0.23-0.280.02-0.23-0.22-0.25-0.38-0.29-0.25-0.3-0.3-0.19-0.240.21-0.24-0.05-0.21-0.17-0.32-0.310.72-0.13-0.33
0.810.650.820.970.60.970.540.820.980.640.78-0.30.140.460.95-0.50.930.02-0.310.360.860.86-0.740.60.72
-0.20.03-0.210.01-0.360.23-0.33-0.20.07-0.08-0.25-0.30.14-0.250.330.370.03-0.08-0.36-0.45-0.07-0.18-0.41-0.2-0.01
0.790.920.760.610.780.340.980.740.520.930.79-0.190.46-0.250.28-0.970.69-0.15-0.050.940.590.63-0.340.890.84
0.60.480.610.880.370.980.330.620.910.460.57-0.240.950.330.28-0.280.82-0.05-0.340.120.730.69-0.720.410.59
-0.86-0.9-0.84-0.66-0.84-0.37-1.0-0.83-0.57-0.9-0.880.21-0.50.37-0.97-0.28-0.69-0.02-0.03-0.98-0.69-0.740.36-0.86-0.85
0.890.810.880.920.740.830.720.880.920.850.85-0.240.930.030.690.82-0.69-0.2-0.370.550.830.83-0.630.850.84
0.07-0.090.10.110.140.110.010.130.02-0.20.16-0.050.02-0.08-0.15-0.05-0.02-0.20.260.10.130.19-0.03-0.33-0.15
-0.17-0.11-0.17-0.21-0.32-0.280.01-0.17-0.17-0.2-0.11-0.21-0.31-0.36-0.05-0.34-0.03-0.370.260.12-0.050.0-0.06-0.29-0.2
0.790.840.770.550.820.230.970.760.440.840.82-0.170.36-0.450.940.12-0.980.550.10.120.60.68-0.240.790.75
0.930.760.940.910.690.790.70.940.90.740.92-0.320.86-0.070.590.73-0.690.830.13-0.050.60.98-0.680.660.83
0.940.760.950.930.750.780.760.960.90.740.95-0.310.86-0.180.630.69-0.740.830.190.00.680.98-0.650.670.8
-0.54-0.57-0.54-0.71-0.19-0.71-0.39-0.55-0.8-0.48-0.530.72-0.74-0.41-0.34-0.720.36-0.63-0.03-0.06-0.24-0.68-0.65-0.33-0.62
0.860.890.830.660.840.440.870.820.620.970.82-0.130.6-0.20.890.41-0.860.85-0.33-0.290.790.660.67-0.330.84
0.880.890.860.80.690.620.860.850.770.890.85-0.330.72-0.010.840.59-0.850.84-0.15-0.20.750.830.8-0.620.84
Click cells to compare fundamentals

Co Diagnostics Account Relationship Matchups

Co Diagnostics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.2M71.2M160.0M123.1M95.3M50.6M
Total Current Liabilities328.1K4.5M12.6M3.9M5.7M3.8M
Total Stockholder Equity1.7M66.7M134.5M114.5M86.0M44.2M
Net Tangible Assets1.7M66.7M92.6M87.8M100.9M106.0M
Retained Earnings(25.0M)17.5M54.2M39.9M4.6M5.5M
Accounts Payable6.0K598.3K607.5K952.3K1.5M1.6M
Cash893.1K43.0M88.6M23.0M14.9M19.4M
Cash And Short Term Investments893.1K47.3M89.9M81.3M58.5M31.2M
Capital Surpluse26.7M49.2M80.3M88.5M101.7M106.8M
Total Liab478.1K4.5M25.6M8.6M9.3M6.4M
Total Current Assets1.6M68.4M115.1M92.7M62.1M38.2M
Common Stock17.3K28.6K33.8K34.8K36.1K22.9K
Property Plant Equipment196.8K949.6K1.9M2.5M2.9M3.1M
Other Current Liab320.8K3.4M9.6M1.1M1.6M2.2M
Property Plant And Equipment Net196.8K949.6K1.9M2.9M6.0M6.3M
Net Debt(893.1K)(43.0M)(88.6M)(22.6M)(11.9M)(12.5M)
Non Current Assets Total631.1K2.9M44.9M30.4M33.2M34.8M
Non Currrent Assets Other(631.1K)1.4M(484.9K)672.7K(1.0)(0.95)
Net Receivables131.4K12.1M20.9M5.4M330.9K314.3K
Common Stock Total Equity17.3K28.6K33.8K34.8K40.0K21.9K
Common Stock Shares Outstanding16.8M28.0M29.9M31.5M29.3M22.2M
Liabilities And Stockholders Equity2.2M71.2M160.0M123.1M95.3M56.2M
Non Current Liabilities Total150K30K13.0M4.7M3.6M2.8M
Other Current Assets362.6K916.3K2.3M761.2K1.6M889.4K
Other Stockholder Equity26.7M49.2M80.3M74.3M81.2M42.8M
Property Plant And Equipment Gross196.8K949.6K2.6M4.3M8.2M8.6M
Other Liab150K30K13.0M4.6M5.3M3.3M
Retained Earnings Total Equity(25.0M)17.5M54.2M39.9M45.9M48.2M
Inventory197.2K8.0M2.0M5.3M1.7M2.7M
Net Invested Capital1.7M66.7M134.5M114.5M86.0M64.1M
Long Term Investments434.2K1.9M75K672.7K773.4K671.4K
Net Working Capital1.3M63.8M102.5M88.9M56.4M49.6M

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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.