Co-Diagnostics (Co-Diagnostics) Debt-to-Equity : 0.04 (As of Dec. 2023)

Co-Diagnostics Debt-to-Equity Chart

Co-Diagnostics Annual Data
	Trend	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity		Get a 7-Day Free Trial				-	-	-	-	0.04

Co-Diagnostics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	0.01	0.03	0.03	0.04

Competitive Comparison of Co-Diagnostics's Debt-to-Equity

For the Medical Devices subindustry, Co-Diagnostics's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Co-Diagnostics's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Co-Diagnostics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Co-Diagnostics's Debt-to-Equity falls into.

Co-Diagnostics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Co-Diagnostics's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Co-Diagnostics's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Co-Diagnostics  (NAS:CODX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Co-Diagnostics Debt-to-Equity Related Terms

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Co-Diagnostics (Co-Diagnostics) Business Description