Co-Diagnostics, Inc. Common Stock Cash Flow Quality Index
Co-Diagnostics, Inc. Common Stock cash flow quality index. Co-Diagnostics, Inc. Common Stock (CODX) has a Cash Flow Quality Index of 0.67x as of March 2022. Operating cash flow of $7.81 Million is below net income of $11.71 Million, suggesting accrual-heavy earnings not yet converted to cash. See CODX financial flexibility score to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Co-Diagnostics, Inc. Common Stock (2020–2021)
Cash flow quality index of Co-Diagnostics, Inc. Common Stock from 2020 to 2021. Historical Cash Flow Quality Index for Co-Diagnostics, Inc. Common Stock across 2 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore CODX debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Co-Diagnostics, Inc. Common Stock Cash Flow Quality Index by Year (2020–2021)
Co-Diagnostics, Inc. Common Stock cash flow quality index by year from 2020 to 2021. Year-by-year earnings quality comparison for Co-Diagnostics, Inc. Common Stock. For the full cash flow conversion analysis, see cash efficiency ratio of Co-Diagnostics, Inc. Common Stock.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2021 | 1.12x | $41.08 Million | $36.66 Million | ▲ +69.0% |
| 2020 | 0.66x | $28.17 Million | $42.48 Million | — |