CODX Current Ratio from 2010 to 2024

CODX Stock  USD 1.01  0.05  4.72%   
Co Diagnostics Current Ratio yearly trend continues to be fairly stable with very little volatility. Current Ratio will likely drop to 5.90 in 2024. Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. View All Fundamentals
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
10.81171834
Current Value
5.9
Quarterly Volatility
6.67997135
 
Credit Downgrade
 
Yuan Drop
 
Covid
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' Current Ratio Growth Pattern

Below is the plot of the Current Ratio of Co Diagnostics over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Co Diagnostics' Current 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.
ViewLast Reported 16.95 X10 Years Trend
Slightly volatile
   Current Ratio   
       Timeline  

CODX Current Ratio Regression Statistics

Arithmetic Mean5.80
Geometric Mean2.72
Coefficient Of Variation115.23
Mean Deviation4.97
Median1.84
Standard Deviation6.68
Sample Variance44.62
Range23.7883
R-Value0.65
Mean Square Error27.80
R-Squared0.42
Significance0.01
Slope0.97
Total Sum of Squares624.71

CODX Current Ratio History

2024 5.9
2023 10.81
2022 23.94
2021 9.14
2020 15.16
2019 4.83
2018 0.45

About Co Diagnostics Financial Statements

Co Diagnostics investors use historical fundamental indicators, such as Co Diagnostics' Current 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 ReportedProjected for Next Year
Current Ratio 10.81  5.90 

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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.