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

CODX's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the forth quarter 2023, Quick Ratio fell to 10.19 below Co Diagnostics Inc average.

Within Medical Equipment & Supplies industry 5 other companies have achieved higher Quick Ratio than Co Diagnostics Inc in forth quarter 2023. While Quick Ratio total ranking has improved so far during the IV Quarter 2023 to 147, from total ranking in the third quarter 2023 at 257.

Explain Quick Ratio?
How much Cash & cash equivalents CODX´s has?
What are CODX´s Current Liabilities?


CODX Quick 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 Current Liabilities Change 48.39 % -15.21 % -23.83 % -72.27 % -69.25 %
Y / Y Cash & cash equivalent Change -27.95 % -26.66 % -27.98 % -22.73 % -9.57 %
Quick Ratio MRQ 10.19 12.44 13.51 20.85 20.98
CODX's Total Ranking # 147 # 257 # 266 # 169 # 186
Seq. Current Liabilities Change 12.75 % -0.35 % 41.71 % -6.8 % -35.57 %
Seq. Cash & cash equivalent Change -7.69 % -8.26 % -8.16 % -7.36 % -6.04 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 6
Healthcare Sector # 48
Overall Market # 146


Quick Ratio Statistics
High Average Low
23.59 12.2 0.4
(Sep 30 2020)   (Dec 31 2018)




Financial Statements
Co Diagnostics Inc 's Current Liabilities $ 6 Millions Visit CODX's Balance sheet
Co Diagnostics Inc 's Cash & cash equivalent $ 59 Millions Visit CODX's Balance sheet
Source of CODX's Sales Visit CODX's Sales by Geography


Cumulative Co Diagnostics Inc 's Quick Ratio

CODX's Quick Ratio for the trailling 12 Months

CODX Quick 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 Current Liabilities TTM Growth 48.39 % -15.21 % -23.83 % -72.27 % -69.25 %
Y / Y Cash & cash equivalent TTM Growth -27.95 % -26.66 % -27.98 % -22.73 % -9.57 %
Quick Ratio TTM 13.61 16.34 16.77 16.77 12.19
Total Ranking TTM # 72 # 137 # 140 # 3084 # 3616
Seq. Current Liabilities TTM Growth 12.75 % -0.35 % 41.71 % -6.8 % -35.57 %
Seq. Cash & cash equivalent TTM Growth -7.69 % -8.26 % -8.16 % -7.36 % -6.04 %


On the trailing twelve months basis Due to increase in Current Liabilities in the IV Quarter 2023 to $5.75 millions, cumulative Quick Ratio decreased to 13.61 above the CODX average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Medical Equipment & Supplies industry 5 other companies have achieved higher Quick Ratio than Co Diagnostics Inc . While Quick Ratio overall ranking has improved so far to 72, from total ranking during the twelve months ending third quarter 2023 at 137.

Explain Quick Ratio?
How much Cash & cash equivalents CODX´s has?
What are CODX´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Medical Equipment & Supplies Industry # 6
Healthcare Sector # 42
Within the Market # 72


trailing twelve months Quick Ratio Statistics
High Average Low
16.77 10.33 1.41
(Mar 31 2023)   (Dec 31 2018)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Neurometrix Inc   14.51 $ 17.997  Millions$ 1.241  Millions
Alpha Tau Medical Ltd   14.06 $ 84.940  Millions$ 6.040  Millions
Inmode Ltd   13.94 $ 741.605  Millions$ 53.213  Millions
Cvrx inc  11.52 $ 90.569  Millions$ 7.864  Millions
Semler Scientific Inc   11.26 $ 57.200  Millions$ 5.080  Millions
Co diagnostics Inc   10.19 $ 58.548  Millions$ 5.748  Millions
Novocure Limited  9.65 $ 910.616  Millions$ 94.391  Millions
Shockwave Medical Inc   9.51 $ 990.554  Millions$ 104.205  Millions
Medinotec Inc   7.97 $ 2.679  Millions$ 0.336  Millions
Alpha Pro Tech Ltd   7.94 $ 20.378  Millions$ 2.566  Millions
Axonics Inc   7.53 $ 344.960  Millions$ 45.816  Millions
Orasure Technologies Inc  7.35 $ 290.407  Millions$ 39.536  Millions
Inspiremd Inc   6.48 $ 39.023  Millions$ 6.020  Millions
Silk Road Medical Inc   5.99 $ 181.474  Millions$ 30.283  Millions
Inspire Medical Systems inc   5.89 $ 460.375  Millions$ 78.105  Millions
Procept Biorobotics Corporation  5.60 $ 257.222  Millions$ 45.927  Millions
Monogram Orthopaedics inc   4.82 $ 13.589  Millions$ 2.818  Millions
The Beauty Health Company  4.55 $ 523.025  Millions$ 115.008  Millions
Profound Medical Corp   4.12 $ 26.213  Millions$ 6.366  Millions
Glaukos Corp  3.99 $ 295.431  Millions$ 74.014  Millions
Aethlon Medical Inc   3.80 $ 7.972  Millions$ 2.101  Millions
Bone Biologics Corporation  3.64 $ 3.027  Millions$ 0.831  Millions
Pulmonx Corporation  3.61 $ 83.547  Millions$ 23.157  Millions
Lemaitre Vascular Inc   3.52 $ 105.074  Millions$ 29.879  Millions
Anika Therapeutics Inc   3.50 $ 108.828  Millions$ 31.059  Millions
Tandem Diabetes Care Inc   3.49 $ 467.912  Millions$ 134.204  Millions
Inovio Pharmaceuticals Inc   3.41 $ 145.294  Millions$ 42.570  Millions
Intuitive Surgical Inc   3.15 $ 5,223.200  Millions$ 1,658.700  Millions
Neuronetics inc   3.15 $ 59.677  Millions$ 18.967  Millions
Clearpoint Neuro Inc   3.11 $ 23.140  Millions$ 7.430  Millions

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



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