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Co diagnostics Inc   (CODX)
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Co Diagnostics Inc 's Leverage Ratio

CODX's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to net new borrowings of 1.25%, Leverage Ratio fell to 0.11, below the Co Diagnostics Inc 's average Leverage Ratio.

Within Medical Equipment & Supplies industry in the forth quarter 2023, 5 other companies have achieved lower Leverage Ratio than Co Diagnostics Inc in the IV Quarter 2023. While Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 91, from total ranking in the third quarter 2023 at 196 .

Explain Leverage Ratio?
Who are CODX Customers?
What are CODX´s Total Liabilities?


CODX Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change -24.89 % -26.27 % -28.41 % -25.11 % -14.84 %
Y / Y Total Liabilities Change 8.65 % -28.72 % -42.77 % -72.83 % -32 %
Leverage Ratio MRQ 0.11 0.09 0.09 0.06 0.07
CODX's Total Ranking # 91 # 196 # 229 # 134 # 192
Seq. Equity Change -13.55 % -3.81 % -6.51 % -3.4 % -15.14 %
Seq. Total Liabilities Change 1.25 % -1.89 % 47.14 % -25.67 % -33.57 %



Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 6
Healthcare Sector # 36
Overall Market # 91


Leverage Ratio Statistics
High Average Low
20.31 1 0.02
(Sep 30 2018)  




Financial Statements
Co Diagnostics Inc 's Equity $ 86 Millions Visit CODX's Balance sheet
Co Diagnostics Inc 's Total Liabilities $ 9 Millions Visit CODX's Balance sheet
Source of CODX's Sales Visit CODX's Sales by Geography


Cumulative Co Diagnostics Inc 's Leverage Ratio

CODX's Leverage Ratio for the trailling 12 Months

CODX Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity TTM Growth -24.89 % -26.27 % -28.41 % -25.11 % -14.84 %
Y / Y Total Liabilities TTM Growth 8.65 % -28.72 % -42.77 % -72.83 % -32 %
Leverage Ratio TTM 0.09 0.08 0.08 0.09 0.11
Total Ranking TTM # 44 # 115 # 134 # 172 # 286
Seq. Equity TTM Growth -13.55 % -3.81 % -6.51 % -3.4 % -15.14 %
Seq. Total Liabilities TTM Growth 1.25 % -1.89 % 47.14 % -25.67 % -33.57 %


On the trailing twelve months basis Due to the net new borrowings of 1.25% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeLeverage Ratio improved to 0.09, below the Co Diagnostics Inc 's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Medical Equipment & Supplies industry CODX recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 0, from total ranking in previous 12 month period at 2.

Explain Leverage Ratio?
Who are CODX Customers?
What are CODX´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 0
Healthcare Sector # 1
Within the Market # 91


trailing twelve months Leverage Ratio Statistics
High Average Low
2.32 0.28 0.06
(Dec 31 2018)   (Jun 30 2021)




Companies with similar Leverage Ratio in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Equity
West Pharmaceutical Services Inc   0.30 $ 851.300  Millions$ 2,881.000  Millions
Bone Biologics Corporation  0.29 $ 0.831  Millions$ 2.906  Millions
Medinotec Inc   0.28 $ 0.577  Millions$ 2.075  Millions
Globus Medical Inc   0.27 $ 1,088.124  Millions$ 3,997.959  Millions
Fonar Corporation  0.25 $ 38.375  Millions$ 156.297  Millions
Monogram Orthopaedics inc   0.24 $ 3.182  Millions$ 13.397  Millions
Biolife Solutions Inc   0.22 $ 75.051  Millions$ 337.663  Millions
Angiodynamics Inc   0.20 $ 80.639  Millions$ 401.226  Millions
Alpha Tau Medical Ltd   0.18 $ 15.247  Millions$ 84.475  Millions
Inspiremd Inc   0.18 $ 7.104  Millions$ 39.501  Millions
Electromed Inc   0.16 $ 6.622  Millions$ 40.342  Millions
Intuitive Surgical Inc   0.16 $ 2,133.900  Millions$ 13,397.300  Millions
Anika Therapeutics Inc   0.15 $ 31.059  Millions$ 212.265  Millions
Inspire Medical Systems inc   0.14 $ 79.451  Millions$ 572.514  Millions
Orthopediatrics Corp  0.14 $ 51.571  Millions$ 377.025  Millions
Axonics Inc   0.13 $ 82.359  Millions$ 637.564  Millions
Orasure Technologies Inc  0.12 $ 52.174  Millions$ 430.671  Millions
Alpha Pro Tech Ltd   0.12 $ 7.195  Millions$ 61.568  Millions
Co diagnostics Inc   0.11 $ 9.307  Millions$ 86.014  Millions
Lemaitre Vascular Inc   0.11 $ 32.147  Millions$ 297.900  Millions
Semler Scientific Inc   0.07 $ 5.080  Millions$ 71.795  Millions
Inmode Ltd   0.07 $ 54.612  Millions$ 787.372  Millions
Neurometrix Inc   0.07 $ 1.333  Millions$ 20.091  Millions
Envveno Medical Corporation  0.05 $ 2.435  Millions$ 46.200  Millions

Date modified: 2024-03-17T12:44:14+00:00



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