CODX Total Current Liabilities vs Short Long Term Debt Total Analysis

CODX Stock

USD 0.73 0.03 3.95%

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 Total Current Liabilities and its Short Long Term Debt Total 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.

Total Current Liabilities vs Short Long Term Debt Total

Total Current Liabilities vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Co Diagnostics Total Current Liabilities account and Short Long Term Debt Total. At this time, the significance of the direction appears to have no relationship.

The correlation between Co Diagnostics' Total Current Liabilities and Short Long Term Debt Total is 0.03. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short Long Term Debt Total 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' Total Current Liabilities and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Co Diagnostics are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Current Liabilities i.e., Co Diagnostics' Total Current Liabilities and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.03

Relationship Direction	Positive
Relationship Strength	Insignificant

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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.

Short Long Term Debt Total

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Capital Surpluse	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Other Current Assets
Total Assets		0.88	1.0	0.89	0.89	0.69	0.87	1.0	0.84	0.9	0.99	-0.24	0.81	-0.2	0.79	0.6	-0.86	0.89	0.07	-0.17	0.79	0.93	0.94	-0.54	0.86	0.88
Total Current Liabilities	0.88		0.85	0.74	0.77	0.53	0.91	0.84	0.69	0.98	0.86	-0.38	0.65	0.03	0.92	0.48	-0.9	0.81	-0.09	-0.11	0.84	0.76	0.76	-0.57	0.89	0.89
Total Stockholder Equity	1.0	0.85		0.89	0.89	0.7	0.85	1.0	0.84	0.87	0.99	-0.23	0.82	-0.21	0.76	0.61	-0.84	0.88	0.1	-0.17	0.77	0.94	0.95	-0.54	0.83	0.86
Net Tangible Assets	0.89	0.74	0.89		0.71	0.93	0.7	0.89	0.98	0.73	0.88	-0.28	0.97	0.01	0.61	0.88	-0.66	0.92	0.11	-0.21	0.55	0.91	0.93	-0.71	0.66	0.8
Retained Earnings	0.89	0.77	0.89	0.71		0.48	0.85	0.89	0.59	0.82	0.9	0.02	0.6	-0.36	0.78	0.37	-0.84	0.74	0.14	-0.32	0.82	0.69	0.75	-0.19	0.84	0.69
Accounts Payable	0.69	0.53	0.7	0.93	0.48		0.42	0.7	0.94	0.5	0.67	-0.23	0.97	0.23	0.34	0.98	-0.37	0.83	0.11	-0.28	0.23	0.79	0.78	-0.71	0.44	0.62
Cash	0.87	0.91	0.85	0.7	0.85	0.42		0.84	0.61	0.92	0.88	-0.22	0.54	-0.33	0.98	0.33	-1.0	0.72	0.01	0.01	0.97	0.7	0.76	-0.39	0.87	0.86
Cash And Short Term Investments	1.0	0.84	1.0	0.89	0.89	0.7	0.84		0.85	0.86	0.99	-0.25	0.82	-0.2	0.74	0.62	-0.83	0.88	0.13	-0.17	0.76	0.94	0.96	-0.55	0.82	0.85
Capital Surpluse	0.84	0.69	0.84	0.98	0.59	0.94	0.61	0.85		0.68	0.82	-0.38	0.98	0.07	0.52	0.91	-0.57	0.92	0.02	-0.17	0.44	0.9	0.9	-0.8	0.62	0.77
Total Liab	0.9	0.98	0.87	0.73	0.82	0.5	0.92	0.86	0.68		0.87	-0.29	0.64	-0.08	0.93	0.46	-0.9	0.85	-0.2	-0.2	0.84	0.74	0.74	-0.48	0.97	0.89
Total Current Assets	0.99	0.86	0.99	0.88	0.9	0.67	0.88	0.99	0.82	0.87		-0.25	0.78	-0.25	0.79	0.57	-0.88	0.85	0.16	-0.11	0.82	0.92	0.95	-0.53	0.82	0.85
Common Stock	-0.24	-0.38	-0.23	-0.28	0.02	-0.23	-0.22	-0.25	-0.38	-0.29	-0.25		-0.3	-0.3	-0.19	-0.24	0.21	-0.24	-0.05	-0.21	-0.17	-0.32	-0.31	0.72	-0.13	-0.33
Property Plant Equipment	0.81	0.65	0.82	0.97	0.6	0.97	0.54	0.82	0.98	0.64	0.78	-0.3		0.14	0.46	0.95	-0.5	0.93	0.02	-0.31	0.36	0.86	0.86	-0.74	0.6	0.72
Short Long Term Debt Total	-0.2	0.03	-0.21	0.01	-0.36	0.23	-0.33	-0.2	0.07	-0.08	-0.25	-0.3	0.14		-0.25	0.33	0.37	0.03	-0.08	-0.36	-0.45	-0.07	-0.18	-0.41	-0.2	-0.01
Other Current Liab	0.79	0.92	0.76	0.61	0.78	0.34	0.98	0.74	0.52	0.93	0.79	-0.19	0.46	-0.25		0.28	-0.97	0.69	-0.15	-0.05	0.94	0.59	0.63	-0.34	0.89	0.84
Property Plant And Equipment Net	0.6	0.48	0.61	0.88	0.37	0.98	0.33	0.62	0.91	0.46	0.57	-0.24	0.95	0.33	0.28		-0.28	0.82	-0.05	-0.34	0.12	0.73	0.69	-0.72	0.41	0.59
Net Debt	-0.86	-0.9	-0.84	-0.66	-0.84	-0.37	-1.0	-0.83	-0.57	-0.9	-0.88	0.21	-0.5	0.37	-0.97	-0.28		-0.69	-0.02	-0.03	-0.98	-0.69	-0.74	0.36	-0.86	-0.85
Non Current Assets Total	0.89	0.81	0.88	0.92	0.74	0.83	0.72	0.88	0.92	0.85	0.85	-0.24	0.93	0.03	0.69	0.82	-0.69		-0.2	-0.37	0.55	0.83	0.83	-0.63	0.85	0.84
Non Currrent Assets Other	0.07	-0.09	0.1	0.11	0.14	0.11	0.01	0.13	0.02	-0.2	0.16	-0.05	0.02	-0.08	-0.15	-0.05	-0.02	-0.2		0.26	0.1	0.13	0.19	-0.03	-0.33	-0.15
Other Assets	-0.17	-0.11	-0.17	-0.21	-0.32	-0.28	0.01	-0.17	-0.17	-0.2	-0.11	-0.21	-0.31	-0.36	-0.05	-0.34	-0.03	-0.37	0.26		0.12	-0.05	0.0	-0.06	-0.29	-0.2
Net Receivables	0.79	0.84	0.77	0.55	0.82	0.23	0.97	0.76	0.44	0.84	0.82	-0.17	0.36	-0.45	0.94	0.12	-0.98	0.55	0.1	0.12		0.6	0.68	-0.24	0.79	0.75
Common Stock Total Equity	0.93	0.76	0.94	0.91	0.69	0.79	0.7	0.94	0.9	0.74	0.92	-0.32	0.86	-0.07	0.59	0.73	-0.69	0.83	0.13	-0.05	0.6		0.98	-0.68	0.66	0.83
Common Stock Shares Outstanding	0.94	0.76	0.95	0.93	0.75	0.78	0.76	0.96	0.9	0.74	0.95	-0.31	0.86	-0.18	0.63	0.69	-0.74	0.83	0.19	0.0	0.68	0.98		-0.65	0.67	0.8
Long Term Debt Total	-0.54	-0.57	-0.54	-0.71	-0.19	-0.71	-0.39	-0.55	-0.8	-0.48	-0.53	0.72	-0.74	-0.41	-0.34	-0.72	0.36	-0.63	-0.03	-0.06	-0.24	-0.68	-0.65		-0.33	-0.62
Non Current Liabilities Total	0.86	0.89	0.83	0.66	0.84	0.44	0.87	0.82	0.62	0.97	0.82	-0.13	0.6	-0.2	0.89	0.41	-0.86	0.85	-0.33	-0.29	0.79	0.66	0.67	-0.33		0.84
Other Current Assets	0.88	0.89	0.86	0.8	0.69	0.62	0.86	0.85	0.77	0.89	0.85	-0.33	0.72	-0.01	0.84	0.59	-0.85	0.84	-0.15	-0.2	0.75	0.83	0.8	-0.62	0.84

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Co Diagnostics Account Relationship Matchups

Co Diagnostics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2M	71.2M	160.0M	123.1M	95.3M	50.6M
Total Current Liabilities	328.1K	4.5M	12.6M	3.9M	5.7M	3.8M
Total Stockholder Equity	1.7M	66.7M	134.5M	114.5M	86.0M	44.2M
Net Tangible Assets	1.7M	66.7M	92.6M	87.8M	100.9M	106.0M
Retained Earnings	(25.0M)	17.5M	54.2M	39.9M	4.6M	5.5M
Accounts Payable	6.0K	598.3K	607.5K	952.3K	1.5M	1.6M
Cash	893.1K	43.0M	88.6M	23.0M	14.9M	19.4M
Cash And Short Term Investments	893.1K	47.3M	89.9M	81.3M	58.5M	31.2M
Capital Surpluse	26.7M	49.2M	80.3M	88.5M	101.7M	106.8M
Total Liab	478.1K	4.5M	25.6M	8.6M	9.3M	6.4M
Total Current Assets	1.6M	68.4M	115.1M	92.7M	62.1M	38.2M
Common Stock	17.3K	28.6K	33.8K	34.8K	36.1K	22.9K
Property Plant Equipment	196.8K	949.6K	1.9M	2.5M	2.9M	3.1M
Other Current Liab	320.8K	3.4M	9.6M	1.1M	1.6M	2.2M
Property Plant And Equipment Net	196.8K	949.6K	1.9M	2.9M	6.0M	6.3M
Net Debt	(893.1K)	(43.0M)	(88.6M)	(22.6M)	(11.9M)	(12.5M)
Non Current Assets Total	631.1K	2.9M	44.9M	30.4M	33.2M	34.8M
Non Currrent Assets Other	(631.1K)	1.4M	(484.9K)	672.7K	(1.0)	(0.95)
Net Receivables	131.4K	12.1M	20.9M	5.4M	330.9K	314.3K
Common Stock Total Equity	17.3K	28.6K	33.8K	34.8K	40.0K	21.9K
Common Stock Shares Outstanding	16.8M	28.0M	29.9M	31.5M	29.3M	22.2M
Liabilities And Stockholders Equity	2.2M	71.2M	160.0M	123.1M	95.3M	56.2M
Non Current Liabilities Total	150K	30K	13.0M	4.7M	3.6M	2.8M
Other Current Assets	362.6K	916.3K	2.3M	761.2K	1.6M	889.4K
Other Stockholder Equity	26.7M	49.2M	80.3M	74.3M	81.2M	42.8M
Property Plant And Equipment Gross	196.8K	949.6K	2.6M	4.3M	8.2M	8.6M
Other Liab	150K	30K	13.0M	4.6M	5.3M	3.3M
Retained Earnings Total Equity	(25.0M)	17.5M	54.2M	39.9M	45.9M	48.2M
Inventory	197.2K	8.0M	2.0M	5.3M	1.7M	2.7M
Net Invested Capital	1.7M	66.7M	134.5M	114.5M	86.0M	64.1M
Long Term Investments	434.2K	1.9M	75K	672.7K	773.4K	671.4K
Net Working Capital	1.3M	63.8M	102.5M	88.9M	56.4M	49.6M

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CODX Total Current Liabilities vs Short Long Term Debt Total Analysis

Total Current Liabilities vs Short Long Term Debt Total

Total Current Liabilities vs Short Long Term Debt Total Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Short Long Term Debt Total

Co Diagnostics fundamental ratios Correlations

Co Diagnostics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Co Diagnostics fundamental ratios Accounts

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Additional Tools for CODX Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash And Short Term Investments

Net Debt	- 1.0	Cash
Net Receivables	- 0.98	Net Debt
Net Debt	- 0.97	Other Current Liab
Net Debt	- 0.9	Total Liab
Net Debt	- 0.9	Total Current Liabilities
Net Debt	- 0.88	Total Current Assets